Quote:
Originally Posted by someone123
What stands out to me from all of this is that one organization can say a building is unsalvageable or not economically viable while another may consider it very attractive to carry on maintaining or sympathetically redevelop the same property (even though profit margins may be a bit smaller). I don't put a lot of stock into single opinions that tend to be repeated as fact by the media, nor do I tend to believe reports that heritage requirements will grind all development in the city to a halt (a particularly weak argument when so few development sites have heritage buildings on them).
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Well, some property owners may be willing to take suboptimal returns or even lose money for years in anticipation of a big payoff some years into the future. Others want the best return possible as soon as possible. That does not mean all heritage properties are worth saving from an economic case perspective.
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