Quote:
Originally Posted by mikevbar1
So that begs the question of why they are going for a tower.
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North End residents took the City to planning court, and to stop it from dragging on, the City agreed to investigate having a tower so that more units could be family sized. Once that was out there, I don’t think the City had any chance to argue against the idea, even if planners disagreed.
Officially, the North End wants to be a place for families. In reality, they want to maximize property values. A 4 bedroom townhouse on the waterfront is gonna be $1+ million easily and completely out of reach to a family. Of all the “neighbourhood development” communities that came out of the Code Red series, the North End has seen the largest increase in property values. They know how to game the system, which is why the members of their two main community associations are nearly unrecognizable from 10/15 years ago since all the established folks cashed out and GTFO’d from Hamilton.