Seeking superyachts. Signed, Sydney, Nova Scotia

Now that Sydney—a town of 30,000 people on Cape Breton Island—has put its toxic sludge behind it, it's looking for a fresh economic start. Many towns in Atlantic Canada have found that in tourism, which usually comes from advertising to fellow Canadians in other provinces that the east coast is affordable, beautiful and perfect for a family vacation.

Sydney, however, is taking a different path. A path that hopes to encourage the 1% of the world's 1% to bring themselves, and especially their outrageously expansive, ridiculously extravagant and, yes, environmentally sketchy mega vessels to its harbour. And, of course, their untold wealth to local businesses. Will this plan work? Is it a massively ambitious way to boost the economy? Is it a little ridiculous and perhaps foolishly careless of its environmental impact? Is the answer to all of those questions is "yes"?

GUEST: Michael MacDonald, The Canadian Press

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