Logic, We Hardly Knew Ya
"Public Works Minister Michael Fortier says Ottawa doesn't have the $4 billion needed to maintain its portfolio of 6.8 million square metres of office space, much of which he says is in a 'precarious' state.
Sources say the private-sector companies would renovate the buildings at their cost and make money by renting them to the government."
So the government doesn't have the necessary cash flow to pay for maintenance of it's buildings. Therefore it will sell them off and pay someone else enough money so that they can maintain the buildings. i.e. Because the government can't pay for the maintenance on the buildings, it will sell them off and pay for the maintenance on the buildings. I don't know how much clearer I can make the point of how stupid this is.
The only way that someone can afford to own an asset and you can't is because they are enough bigger than you that they can carry the necessary sunk costs and have a big enough portfolio to be more diversified than you are. But who is bigger or has a more diversified income stream than the federal government? It makes you wonder what the limits of just how dumb someone can be and still not get called on it are.