Kraus Development (525-565 Conestogo Road) | 3-35 fl | Proposed

[westwardloo]

The issue really are these huge parcels in the first place... if the cities would only purchase them, masterplanned them, subdivided them AND THEN sell them as smaller lots of various sizes to attract a wider variety of developers it would be much different.

I think very few cities--at least in North America--would do that. It's a big investment in land, demolition/environmental and planning, with an uncertain price that they can eventually sell for. Yes, results would be better but it's really unlikely, here or elsewhere.

Funny enough if cities still developed parcels of land this way, they probably would have made more money on land value then they have on development fees in the last 30 years.