Quote:
Originally Posted by Vin
So they will cost tax payers $1 bil??? Come on. I don't think existing SROs are worth that much.
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The buildings definitely are not. Agreed; however:
"The city proposes partnering with senior governments to buy up to 105 privately owned SRO buildings, a potentially massive investment: staff analysis says the “long-term vision” of replacing all SROs with “shelter-rate” social housing — meaning rooms renting for $375-a-month — could cost about $1 billion."
That and renovations.