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Old 11-25-2014, 09:30 AM   #2604
Tinordi
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Quote:
Originally Posted by heep223 View Post
Yeah I have no idea what that land would be worth but I'm sure someone on here would. Not sure if it's material or not, you would assume it would be.

Not a single person on council is in favour of using actual tax dollars for the project. I think the only way that would happen is if the development included a significant amount of low-income housing/mixed use development. If the Flames were smart they'd include a material component of the development concept as having a direct benefit to the city such as low income / subsidized housing which we badly need.
Giving land away that you could otherwise sell is using tax dollars.

Otherwise, I like the idea of having some affordable housing commitments, etc.

Except that the location is so good, would you really want to waste that on social housing? Why not sell it all at market rates, maximize the benefit to the city and then use the funds on social housing where land prices are alot lower?
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