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Originally Posted by onetimetoomany
Are there not ways that a city could incentivize or attract development to an area that is in need of it where both parties benefit. Waiting around for it to maybe hopefully someday creep it’s way seems passive and unproductive.
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It’s kindof difficult to attract investment to our worst areas when most of the city hasn’t seen any investment for decades. Looking at Toronto, development will come to every corner of the city, it just takes time. Incentivizing development means creating plans, policies or economic stimuli that would make developers want to build there. First, those things take a long time notwithstanding existing conditions. Second, for an area like the east/north end, it is a tall ask to bring It up to a standard of desirability where new builds are common when most of Barton hasn’t seen any construction or tangible growth in decades. Third, the city hasn’t had the money to invest in stimuli for the city, and the province hasn’t really taken up the mantle either.
Thankfully, I am confident that with the redevelopment of the Stelco lands, Barton will once again rise to prominence in rapid fashion. 23,000 jobs is akin to what was actually there 50-70 years ago, so we will definitely see uptake there in the coming years and decades. Luckily that project can probably move faster and deliver results more quickly than infrastructure investments, which often spend decades in planning and construction before benefits can be seen on the ground.