11-09-2019, 02:27 PM
(11-09-2019, 01:01 PM)jeffster Wrote:Well said I am always thinking how everyone is great at saying what should happen when it is their money caviot though everyone should keep dreaming big(11-09-2019, 12:18 AM)westwardloo Wrote: That is basically my point. There is no incentive for the owner of the property to sell/ development when they have tenants giving them money. It would have been better in my opinion to suffer 5 more years of an empty retal space and then demolish and start from scratch. In order to make it pleasing to the eye and have a good street presence they will have to spend a lot. Conestoga would be better off buying a lot dt and starting from scratch.
Two questions: If you were the owners and your place was near empty, would you suffer for 5 years and hope someone with a lot of money to come around and redevelop the property? Other question: If you're Conestoga College and you're looking to expand further, do you buy and empty lot and start from scratch, and wait years for the project to be finished to start your new course?
I think the answer is No in both circumstances. I do see Conestoga as improving that building, much like they did University Heights, and perhaps The Record will move somewhere else DTK.
I think it's easy to want something or something else when it's not our money or our decision to make. As it stands, businesses do things to stay afloat, and schools that are on the public dime, need to use their money wisely. In this case, it's working for both of them.