Quote:
Originally Posted by logan5
What are you're calculations? there is close to 300 000 sq ft of land. Multiply that by at least 5, probably higher, and you have 1.5 million buildable square feet. You don't think that will generate more than 200 million? What's the going rate for prime real estate like that? At 134$ per buildable sq foot you break even. that is probly quite low for that area. That's my math. Tell me where I went wrong and let's see your numbers.
|
Hold on so they are not putting in a park and 8 lane supper road but instead selling the land to developers, after having the public decontaminate it? They are taking out public infrastructure that 10's of thousands of people use and they are transferring it to private hands for zero, and I mean zero benefit to the public, and not only zero but actually negative by removing "transportation" infrastructure. And worse of all there is enough room there to build towers in between the viaducts and absorb all the potential density as is, so there isn't even extra units being built in the city.
Oh and then they turn around and tell CP not to rezone their land...I would laugh if I was not so angry. The only good thing is that I don't live in Vancouver anymore nor will I ever, and this is one of my reasons. I cant support idiocy, I am not that rich.