The Liberal Celebration of Quebec, which is battling to mobilize donors, recently borrowed $ 4.7 million from its structures to pay out for its campaign expenses, our Bureau of Investigation discovered.
• Read also: Once king of electoral finances, liberals now previous
The schooling led by Dominique Anglade took out a mortgage on two buildings he owned in Montreal and Quebec.
Archive photograph
Dominique Anglade, chief of the Liberal Get together of Quebec.
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On August 17, in distinct, it borrowed $ 3.6 million from the Nationwide Financial institution, with the building serving as its headquarters, on Queen Avenue in downtown Montreal, as collateral.
Photo Martin Alarie
The Liberal Get together of Quebec has just mortgaged its headquarters in downtown Montreal on Queen Road for $ 3.6 million.
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The creating was previously credit card debt free of charge. The Liberal Get together of Quebec (PLQ) purchased it for $ 3 million in funds in 2015 following the sale of its previous headquarters on Waverly Road for additional than $ 6 million.
During its August 17 take a look at to the notary, the QLP also borrowed just over $ 1 million from a making on Wilfrid-Hamel Boulevard in Quebec Metropolis.
Picture Stevens Leblanc
The Liberal Occasion of Quebec also mortgaged yet another building it owns situated on Wilfrid-Hamel Boulevard in Quebec Town, for $ 1.1 million.
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On Monday, our Bureau of Inquiry exposed that in contrast to the other 4 important parties, the PLQ is the final in terms of well known funding.
For illustration, due to the fact the commencing of the yr it has lifted a few situations much less than the Coalition Avenir Québec, about twice much less than the Parti Québécois and Québec Solidire, and $ 200,000 a lot less than the Conservative Social gathering of Québec.
Borrow to spend
The PLQ, on the other hand, has the benefit of currently being equipped to borrow on its attributes to fork out for the shopping. It is the only 1 of the 5 key get-togethers that claims to very own buildings and land.
Julie Martel, normal supervisor of the PLQ, assures that the schooling has offered a strategy to repay anything “in a lot less than 6 months”.
“We had to produce a payment framework for the election campaign […] and we have picked out to use our structures, ”he explains in an interview.
M.myself Martel will take his party’s economical condition “incredibly critically”.
“What I want, at the conclude of the working day, is for my manager to have almost everything he desires to do the marketing campaign he desires to do,” he claims.
“This is the very first time I’ve read that they will house loan serious estate in Montreal to marketing campaign,” notes Éric Montigny, professor of political science at Laval University.
According to him, the PLQ has the gain of staying ready to draw on its “previous gain”.
Mr. Montigny remembers that a social gathering “may well be denied his official accreditation if he does not repay his marketing campaign debts” in less than 120 days. This mortgage thus gives the PLQ more leeway.
Wondering of offering
The PLQ even opens the doorways to the sale of its buildings in the medium term, in the context of put up-pandemic teleworking.
“There will be a reflection to be finished after the next elections, describes Ms Martel. If we promote the hotlines, we will have to relocate. “
Less money locally
- The sensitive fiscal circumstance of the Liberal Celebration of Quebec is felt in some community associations, acknowledges the CEO of the social gathering.
- “There are associations that instead than have $ 35,000 or $ 40,000maybe it will have a minor fewer ”, agrees Julie Martel.
- “All our candidates will have their sign, their coat rack, all the things they want,” he assures us, nevertheless.
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