03-02-2015, 01:34 PM
(This post was last modified: 03-02-2015, 02:07 PM by BuildingScout.)
(03-02-2015, 01:23 PM)nms Wrote: They aren't making more land. Once the larger swaths of vacant land or brownfield land are developed in Waterloo, these parcels will become more appealing. After all, the Barrelyards property sat vacant for nearly 20 years before something happened.
The key difference is that the town grew towards the Barrel Yards (perimeter, seagram lofts, cigi, lrt, ccgg). Now that the LRT has skipped the Waterloo Inn zone the value of the land has been reduced permanently. Twenty years ago the LRT going north would have turned at Quiet Place, through Sugar Bush park, then next to the Waterloo Inn and finally Conestoga Mall under the expressway. Today the present routing to Northfield station makes the most sense, and has left the Waterloo Inn isolated.
I'm not saying the land is worthless. I'm saying it's value is much diminished.