The Liberal Party of Quebec, which is battling to mobilize donors, recently borrowed $ 4.7 million from its properties to pay for its campaign expenditures, our Bureau of Investigation found.
The teaching led by Dominique Anglade took out a mortgage on two buildings he owned in Montreal and Quebec.
Domenico Anglade
PLQ chief
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On August 17, in particular, it borrowed $ 3.6 million from the Nationwide Bank, with the setting up serving as its headquarters, on Queen Road in downtown Montreal, as collateral.
The building was earlier financial debt no cost. The Liberal Bash of Quebec (PLQ) purchased it for $ 3 million in dollars in 2015 immediately after the sale of its previous headquarters on Waverly Road for much more than $ 6 million.
In the course of its August 17 visit to the notary, the QLP also borrowed just about $ 1 million from a constructing on Wilfrid-Hamel Boulevard in Quebec Town.
photo-source position-absolute"> Photo Stevens Leblanc
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The Liberal Celebration of Quebec also mortgaged another creating it owns positioned on Wilfrid-Hamel Boulevard in Quebec Metropolis, for $ 1.1 million.
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On Monday, our Bureau of Inquiry discovered that in comparison to the other 4 major get-togethers, the PLQ is the previous in terms of common funding.
For instance, since the starting of the yr it has elevated three times fewer than the Coalition Avenir Québec, about twice much less than the Parti Québécois and Québec Solidire, and $ 200,000 considerably less than the Conservative Celebration of Québec.
The PLQ, on the other hand, has the benefit of getting ready to borrow on its homes to pay for the searching. It is the only just one of the five key events that statements to own properties and land.
Julie Martel, director general of the PLQ, assures that the schooling has offered a plan to repay all the things “in considerably less than 6 months”.
“We experienced to create a payment construction for the election campaign […] and we have decided on to use our structures, ”he explains in an interview.
Ms Martel takes her party’s fiscal condition “very critically”.
“What I want, at the conclude of the working day, is for my boss to have every little thing he needs to do the campaign he desires to do,” he guarantees.
“This is the first time I’ve listened to that they will house loan authentic 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 currently being capable to attract on its “old earn”.
Mr. Montigny remembers that a party “may possibly be denied his official accreditation if he does not repay his marketing campaign money owed” in significantly less than 120 times. This personal loan for that reason presents the PLQ more leeway.
The PLQ even opens the doorways to the sale of its properties in the medium term, in the context of put up-pandemic teleworking.
“There will be a reflection to be finished soon after the future elections, clarifies Ms Martel. If we promote the hotlines, we will have to relocate. “
- The fragile fiscal scenario of the Liberal Celebration of Quebec is felt in some area associations, acknowledges the CEO of the occasion.
- “There are associations that rather than have $ 35,000 or $ 40,000it’s possible it will have a very little less ”, agrees Julie Martel.
- “All our candidates will have their signal, their coat rack, anything they need to have,” he assures us, having said that.
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