Quote:
Originally Posted by powderjunkie
It doesn't seem like money is the main holdup for the north extension, but rather land acquisition. I can't say I know very much about the process, but I don't see how getting shovels in the ground does anything to improve the process of land acquisition - if I owned a needed plot on the C St corridor, my price to sell is only going higher and higher.
Perhaps someone in the know can speak to if/how the city can force a party to sell at a price above market value, but if it's as easy as that, why haven't they already done it?
|
The City will negotiate with property owners, but in a worst case scenario they can legally expropriate the land.
That doesn’t happen overnight though, and in the end the property owner is compensated for the market value of the portion of land that is taken, amongst other things.
https://expropriation.ca/articles/ar...s/art05601.pdf