Quote:
Originally Posted by New Era
Yes, because there has been so much development on that land in the last 30 years. Prime waterfront property, with close proximity to downtown and Kensington, has not had anyone step up and develop that land. This is actually a very good incentive for business to go in and develop it. Without those two major buildings there, drawing people into that area on a consistent basis, why would anyone want to foot the cost of a risky and expensive development?
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If they could get a similar CRL contribution and the cost of the remediation covered by various levels of government, I think they would jump at the chance. Hell, they may even pay for the land.