Quote:
Originally Posted by LRTfan
on todays GIC, an item to sell these two properties is on the agenda. The corner lot at King/Bay - 191 King West. And the lot directly south - 22 Bay South.
Presumably it is to make way for this development.
The file is confidential so I don't know for certain, but it sounds like the city might be looking to lock in a lease for parking spaces in the new parking garage as part of the deal.
I guess we'll know more later today.
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What I don't get is, why not put retail on the bottom floor, and increase the height of the garage by a few storeys while they're at it? You could reduce the need for parking stock for the downtown for the next half a decade, and the city could purchase some spots and offer parking on their owned lots for cheap to entice existing parking lots to redevelop.