Q Condos (20 Queen St N) | 34 fl | Proposed

[jeffster]

Momentum is a multimillion dollar property development company. You can't really expect private citizens to be able to buy up buildings our their own to save our history.

So are we suggesting multi-million dollar property developers purchase buildings simply to spend millions to restore them?

I’m not suggesting that we shouldn’t let this happen, but I am saying that if you add conditions like that, then properties simply don’t get redeveloped, and you have to hope that the current owner takes good care of the building.

But I did suggest private citizens COULD buy up building. As a collective unit. If you had 1,000 individuals willing to finance $100,000 a piece, that gives you $100,000,000 of buying power. That is what I mean by putting your money where your mouth is.

Always easy to spend others people money when you don’t have to put a penny of yours in.