[Bunk]

Originally Posted by Bourque's Twin

If Nenshi and his slate are elected I think Calgary is in BIG trouble.
They are going to try to grow up and not out... Sounds cool but will really drive the prices of single family homes up and the young working class will not be able to afford to buy them.

The reason why Calgary grows out and not up is because of basic economics: supply and demand! Nenshi and his slate don't have a clue about business.

How many people want to raise families on the 11th floor of a beltline residential development?

I sure don't.

Also, Nenshi's argument that developers steal $4,800 / house from taxpayers neglects the fact that developers fund, but are not obligated to fund, recreation centers, parks, and more amounting to approximately $4,300 / house. That's a $500 subsidy, not a $4,800 subsidy. In addition, developers front-end that, driving IRR's way down. In addition, taxpayers subsidize inner-city development like East Village.

Sigh. I won't even bother.