05-05-2023, 01:09 AM
This really isn't a problem with cost, but of condo policy. It would be wildly difficult to accomplish something like this. If a private company came to them and made them an offer, then, it would be possible for the board to present it as an option at an AGM or SGM but the membership would still have to sign on. And I'm not sure whether they'd need 66% support or 100% support, it depends on how their condo legal framework is structured, but either way, either a difficult majority to secure, or an impossible majority, and before even trying you'll have to do like 100k in engineering work just to provide a meaningful proposal to the owners (which is why the board could never do it).
There isn't a lot of room to wiggle on this kind of thing.
That being said, there are many many corners to tackle before that one. I remember looking at them from my windows...Charles and Ontario, David and Joseph, Gaukel and Joseph, three quarters of the Manulife site, and the giant lot on the other side of the Manulife site.
There is parking all over. I'm sure eventually Kaufman's lofts parking will get developed into something, but it's going to be a long time until land is so scarce that it's worth dealing with hundreds of owners in two condo corporations to try and build something rather than just negotiating with Manulife or whoever.
There isn't a lot of room to wiggle on this kind of thing.
That being said, there are many many corners to tackle before that one. I remember looking at them from my windows...Charles and Ontario, David and Joseph, Gaukel and Joseph, three quarters of the Manulife site, and the giant lot on the other side of the Manulife site.
There is parking all over. I'm sure eventually Kaufman's lofts parking will get developed into something, but it's going to be a long time until land is so scarce that it's worth dealing with hundreds of owners in two condo corporations to try and build something rather than just negotiating with Manulife or whoever.