Glen Clark: Local governments too often see capital as "free"

Interesting comment from Glen Clark in an online discussion forum (in response to a question of mine):

Glen Clark: 
I think that, for government, capital is often seen as 'free' and that all the scrutiny is on operating costs. The focus is on reducing labour. What is missing on the capital spending side is the 'payback' analysis. This is something business does every day. Clearly, if someone looked at the BC Place roof with a few to getting the best return, it wouldn't make the grade.
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