Quote:
Originally Posted by Changing City
Yes, you're jumping to conclusions.
The land was donated because this was a church car park. It was valued at $2.68 million, and that's part of the $12 million 'value' of the entire project. It was developed by a not-for-profit Society associated with the land owner, the Grandview Calvary Baptist Church, which is located one block to the west. The remaining $9.32 million was raised from public and private sources.
The project isn't just housing. it includes communal amenity space, as well as a kitchen, guest room, counselling and office spaces. Overall it's a building of over 18,546 square feet, so that's $502 per square foot to complete the entire project (including design, legal, permit fees as well as construction and landscaping).
Your example of the Joyce condo apartment is 365 sq ft on sale for $348,000. That's $953 per square foot.
Why you would jump to the inflammatory conclusion that either 'corruption or incompetence' are involved, without bothering to find and read the rezoning report, or understand the context is concerning. |
Thanks for clarifying. However, you forget that the Joyce condo also comes with sqft of common space which would drop down its $ per sqft such as hallways, gyms, common room, pool, etc.
You must admit that spending $460,000+ (with services, support, hospital, etc I'm guessing at least $700,000) on each homeless person seems like a very expensive solution....the average salary in Canada before tax is ~$50,000 so we're talking about 9 years of each Canadian's work assuming we don't pay any taxes. The Against Malaria Foundation says it costs $3,340 to save a life
https://www.businessinsider.com/the-worl...life-for-333706-and-thats-a-steal-2015-7 so we're spending what could be used to save 138 lives on 1 life. I just don't think throwing money at the problem is the correct solution. Its like trying to put out a fire with a big pile of money, sure you can do it but its not practical. It also doesn't sound very sustainable. I'm guesstimating we could have built the same housing with the same employees and services out in Abbotsford for half the price.