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Originally Posted by GioforPM
The point to it was that there wouldn't be any development at all without the proposal. And the property tax dollars from adjacent development would simply be added to city coffers, which would be used for cleanup.
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The area will be redeveloped at some point in the future. There is a plan for it on the books and that plan has been on the books since before Nenshi was elected.
The city is currently making money from the land. GSL, Renfrew Chrysler, and Greyhound all pay rent to be there. There's no rush to do anything with the land right now. The city can take its time and do the redevelopment when it makes sense to do so.