Quote:
Originally Posted by curves2000
The issue for things like the pool/rec center and a golf course is how you take public property or spaces and privatize them for private profit. I am a capitalist so this isn't an anti development/ profit mentality. But it's definitely clear more is going on behind the scenes then the city just worrying about saving a few dollars on some capital and operating expenses on.
The specific area in question for the golf course was sold for an asking price of $12 million but it doesn't appear that the final price is available. If my memory serves me correct, it's a space that can have approx 400 units of housing, for $12 mil? Seems light doesn't? In Marda Loop basic corner lots where 3-4 row homes would go for well over $1 mil and exceed $1.5 without batting an eye. Literally developers begging sellers and waiting for old ladies to die.
If you drive around that area you see insane levels of development and growth but you also see the cheapest garbage known to man being built there with significant costs being dropped onto future taxpayers. Lack of parking options, lack of storage spaces, lack of proper green/blue/black cart space. Back alleys littered with an insane amount of carts. Huge multi floor complexes being built out of wood, right up against older homes. The kicker is that non of this garbage is cheap, it's actually insanely priced for what your getting and developers are making an absolute fortune for selling HUGE future liabilities to people with this shaddy crap where they bankrupt their numbered companies to avoid lawsuits. You got city inspectors signing off on improperly insulated homes and HVAC systems that fail or are shut down by ATCO 2 years later cause they were not up to code. I am sure CP user EVERLAST can provide some additional horror stories as he has seen them all up close.
Lot's of monkey business and kickbacks going on if people are actually honest about it.
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That parcel is about 19,330 sq.m and assessed at 11.3M
The Viscount Bennett lot nearby is 46,469 sq.m and assessed at 14.79M.
Grace Lutheran Manor, immediately south of the lot in question is 3,961 sq.m and assessed at $12.25M
Carewest Sarcee, immediately sw of the lot in question is 29,386 sq.m and assesed at $8.07M
Hop across Crowchild to the Safeway Garrison Woods. 16,400 sq.m assesssed at $16.56M
How deep does this all go?!?!?!
There's some other similar sized parcels throughout Currie Barracks. 270 Dieppe Dr - a prime parcel of 7,650 sq.m is assessed at $4.3M. A little more than a third of the size for a little more than a third of the price. Smells awfully fishy to me, too!
There's a bajillion things to consider between the improvements on the land, land-use designation, and servicing (or presumably lack thereof at the lot in question). But nothing seems out of whach here...