Quote:
Originally Posted by Alex Mackinnon
Ok then, sell it to Translink at the value of single family home or town home style development plots. Then have Translink ad value by dropping in rapid transit. There could be quite a bit of height built at the bottom of the hill without it being too noticeable from elsewhere.
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If the Canadian Lands Corp follows the model they used in Calgary for the Currie Barracks site, they will develop the site on their own. They won't sell the land in bulk, but will behave as any other developer would by coming up with their own master plan and selling either bare lots or finished units on the open market.
According to their mandate, they operate by "purchasing strategic surplus properties from federal departments and agencies at fair market value, then improving, managing or selling them in order to produce the optimal benefits for the company’s shareholder, the Government of Canada, and local communities".
In other words, they might collaborate with Translink as any other property developer might, but anything beyond that seems unlikely.