05-26-2020, 01:26 PM
(05-26-2020, 01:08 PM)ac3r Wrote:(05-26-2020, 12:09 PM)clasher Wrote: I'd be happy with a grocery store where the old terminal was... easy enough to build some towers on top of it as well.
You're more likely going to see an affordable housing development go up there... :') Everyone from student and professional architects and politicians have been considering that site to be put to something other than yet another condo development that only a tiny handful of wealthy people will ever hope to live in. We're in dire need of affordable housing, and that land is being considered.
Quite possibly it could happen. But that is one of the most valuable pieces of land in DTK, so it would be hard to justify using it for affordable housing. The region could sell the property, buy a less expensive one with the proceeds and spend the difference funding the construction. (There are many available properties further (Kitchener) east on both Charles and King, and still very convenient to the LRT.
And they could still mandate that a percentage of the units that are built need to be affordable, however that is defined in this contect.