Quote:
Originally Posted by heep223
I'm missing your logic, or misinterpreting. Increasing the value of the land, if as in your scenario there was a shortage of sites to develop, isn't going to help a private developer. It's going to hinder the economics even further. You have to look at this from the point of view of the developer as well as the city.
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As the condo capacity decreases, so too will the supply of new units. In turn, the cost of units and land upon which they can be built increases. If a developer is sitting on contaminated land, they can capture the uplift.