I'm tight with money in my personal life. Overall such caution has probably been detrimental to me, but on the other hand it's the only thing that keeps me alive, since it's often harder for me to make money than it would be for many people. I do appreciate it when managers of public funds show some concern about the costs of their projects.
However it often seems to me that much fixation on the cost of things is hurting us as a society. I'm no accountant, so maybe my understanding is wanting, but it seems to me that money isn't a finite resource. It's numbers, a measure of movement of goods and services through the economy. We're always talking about how there isn't enough money, not to do basic maintenance, to cut the grass in the parks and pick up garbage, to repair roads and bridges, to build public transit. But we all lived through 2008, when the richest in the private sector were getting richer playing with a glut of magic money, and when the accounting failed to add up governments just swept in with a different pool of magic money to ensure that none of us became too fearful from seeing rich people become less rich. And then everyone went back to driving up equity and housing prices.
Is the real deficit in not enough money, not enough numbers, which would grow with greater participation in the economy, or is the real deficit in people not getting enough opportunity, experience and security in the job market. There seem to be a lot of surplus people who could be making greater contributions. Isn't our real deficit occuring when young people don't have the opportunity to build skills early in their working lives?
So some ambition in city building provides opportunity for people to grow their skill sets and become more valuable members of society. While being too tight with the wallet lessens opportunity and marginalizes people. We just came through a period of reactionary penny-pinching with the thoughtless former Mayor. That experience should give us some insight into what bullshit this approach can be. All that bluster about respecting the taxpayers only to end up paying much more for much less transit, for one example.
In the case of Ryerson the question may balance on whether they're meeting real needs with these buildings or engaging in empire-building for an institution that's attempting to up its profile against the more traditional universities. I don't know about the Image Centre except that I liked skating on the water feature beside it (not very busy compared to City Hall and Harbourfront, and fun to circle the rocks). This new building looks to provide some interesting unique spaces for students. It wouldn't be appropriate to build a featureless warehouse at this location or for this need. If it is well used by waves of students for the next several decades it will be worthy of the investment.
Take a walk around the city and instead of letting your blood boil over the cost of little things like lighting features, look with appreciation and gratitude at all we have to use and enjoy because previous generations took the chance, spent some money and, more importantly, did the sweatwork. We have some responsibilty to future generations to continue the investment in city building.