Quote:
Originally Posted by cairnstone
They have an issue with having money in hand. Little mountain has not been developed or paid for yet and then there is the Dunsmuir BS. How many failures do we give foreign developers that are doing nothing to improve Canada. This is not housing but a place to park foreign wealth so they should be forced to pay up front to cover the future costs. Just look at the Atmosphere lawsuits from a different developer but the city is left eating the costs
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Little Mountain is under construction. No sure who you're referring to that Holborn has not paid. Do you mean they've yet to get sufficient pre-sales to start the rest of the condos?
Dunsmuir Hotel falling apart doesn't necessarily mean they are short on money. I'd argue it was a money saving decision. Thing was a money pit to renovate/ have occupied in the interim.
Legally I don't think you can prevent a landowner to rezone their property / apply for permits because they were slow to develop a piece of their land, let one building become derelict. The City will likely place Conditions for this site due to the end result of the Dunsmuir Hotel.
"Pay up front to cover the future costs", of what exactly, I don't understand. All "costs" are paid prior to Occupancy. Again, legally, I don't think you could ever require a developer of condos that the City deems "special" to pay "costs" earlier in the process than anyone else.
The Atmosphere project in Richmond appears to be folks suing eachother and I've yet to find how the City is paying for anything at this time if you could provide.