Posted Mar 10, 2010, 12:09 AM
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Registered User
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Join Date: Oct 2006
Posts: 1,895
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Quote:
Originally Posted by someone123
Allnovascotia is reporting that Canpark now has a five-year contract to operate a parking lot on this site, so it's unlikely that we'll see anything there for a while.
The idea is to focus on Fenwick, which is a good development (though will probably take years to be rezoned and approved...), but this is still a bad situation that should have been avoided. The problem is that there is little or no private cost for developers or the government to hold on to land, even though there is a public cost to having unsightly and underused empty lots. The tax structure should change to reflect the externalities and to give developers more of an incentive to develop sites in a timely manner.
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I concur, and very well said (as usual someone123)
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