Quote:
Originally Posted by jonny golden
Since Heritage Developments isn't an active builder, I wonder why they've been sitting on and paying taxes on all this vacant land for years? Hopefully they'll come to the point where it makes sense to sell at least some of their undeveloped property.
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Well, they
are using most of this land for leased monthly surface parking, so I presume they must be making enough money to pay for the property tax (and still make a profit). It's unfortunately about the lowest hanging fruit and least intensive property usage out there in the known universe.
Surely Heritage could do better. Is there anyone with imagination in that company? I mean, it's been nearly a decade and they still haven't come up with a use for MHS either. Has no one in that company ever heard of "condo conversion"???
Ashford, Lafford and ICON know how to improve properties and to build and still make a buck. Heritage seems to like the idea of slapping some asphalt down and putting up self pay gates instead.
Honest question - now that "work from home" culture has firmly taken root in North America, has the demand for leased monthly parking gone down in the Moncton city core??? Is this business model as viable as it used to be? If not, then maybe Heritage could sell off a lot or two to another company that actually gives a shit..........
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