So you think government should buy up sites that have a valuation based on an approved condo development in order to build social housing?
Fair enough, although completely at odds with the view often expressed here that government shouldn't build non-market buildings Downtown, but if they have land, sell the sites for condos and build more non-market where land prices are lower. I thought that was more in line with your previous views, but clearly that's not the case.
So the land is valued at about $16m, Beedie might sell at something over $30m. Do the government buy
129 Keefer that Anthem bought too? And
137 Keefer, also vacant,and approved for condos?
Should they buy
796 Main Street in Chinatown too? That has a land value of $11m, but Bonnis are currently
offering it for sale at $23,888,000. (You can see what developers think market land values are in Chinatown).
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