Quote:
Originally Posted by Jimmy Stang
Speaking of which, that one has a very small parking lot, no drive through, and available on-street parking, is 20+ blocks further up Centre Street, and is directly across from a Tim Horton's. And the Green Line, if it ever reaches there, will be decades later.
I'd even go as far to say that the owners of the land at the burned down location have a greater opportunity than they realize. They just need to get creative and accept that the exact same type of development isn't the place to focus their energy on.
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I can't believe people are taking the city's side on this, this is completely crazy to me. Do you think because someone has commercial property they have an endless amount of cash or credit to just "realize the opportunity".
It is their property, the zoning hasn't changed, why should they have to accept anything.
They owned a property, the zoning allows the building, the owners have insurance. The insurance will replace the building - same as before not something different, not something bigger. And you guys are ok with the city just coming in and saying, "actually we changed our mind, you can't rebuild the same building, you need to come up with a few extra million and see this as an opportunity to invest." People should be outraged - this is private property, not public property.
If the city wants to change their mind, they need to make the owners completely whole, buying the lot at full fair market value as if the building were still there in the same shape.