Quote:
Originally Posted by osirisboy
Yes it's public money. Instead of making the developer spend it on this art they could pay it to the city instead which can go towards community benifits
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No, as stated above, it must go towards Public Art. It is absolutely the developer's money. There is a minimum amount (1% of construction value for all developments over 100k sq. ft.) which must be spent, but any developer can spend more should they choose (for example Westbank with the LED light at Shaw Tower). The process is facilitated by a Public Art committee, but the art is built by the developer.
Think of Public Art as a requirement not unlike a minimum number of visitor parking stalls (should zoning require them) or a minimum number of bike stalls. Could the building be built without them? Yes. But the city deems that the project as a whole is better by including it. Using the parking requirement analogy again, the developer could parking for parking spots in-lieu should they not be included in the development.
"Public" money would be the DCCs and any CACs that a developer has to pay to the city. If the city thinks it needs more money to pay for public benefits, they could raise those rates (in the case of DCCs,
they just did)