Hamilton Waterfront

[bigguy1231]

The railyards, unfortunately, aren't going anywhere soon.

Unless the city comes up with the cost for the yards and the expense of moving them there is no chance CN will give them up. Add to that the cost of remediation and we are probably looking at a billion or so dollars. Even if the city got their hands on the lands they wouldn't be able to sell them off to make their money back. The land just isn't that valuable from a market value perspective, because of the costs for remediation.

Then we'd have all the Nimby's in the North end trying to tell the developers what they can or cannot build making it impossible for them to make any money. At the price the city would have to pay turning it into parkland would be a non starter, there's just too many other priorities that need to be tended to in this city, before we pay that kind of price for greenspace.

You can dream all you want, but then reality sets in and it becomes a nightmare.