Quote:
Originally Posted by HighwayStar
I realize that's hypothetical, and even if the cost was significantly lower... in what universe does the city expect a developer to absorb those types of costs (to rebuild a FACADE no less) and still run a profitable business???
/rant
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Here's a solution: if you don't have a plan that is financially viable and you don't have deep pockets in the case of disaster then do not purchase heritage buildings in a city with clear heritage policies/guidelines. I know he could not have predicted that the building would partially collapse, but developers have to plan for these contingencies and take risks accordingly. There should be a specific timeline for heritage projects like this and penalties when you don't live up to them. This lot continues to be one of Ottawa's top 5 most embarrassing properties/projects!