05-23-2023, 09:22 PM
How much would it cost the City to buy an equivalent land area of Victoria Park (~27acres) that was in the downtown core (or 5-10 minute walk from an LRT stop?). A overlooked cost in any new City facility is the cost of the land (which is why some of the Phase 2 LRT project cost is so high).
Are we stuck in an upwards spiral where rising land costs are forcing the City to raise development fees in part to pay for the land for the facilities?
Are we stuck in an upwards spiral where rising land costs are forcing the City to raise development fees in part to pay for the land for the facilities?