Quote:
Originally Posted by GeeCee
We're trying to encourage people to take public transit though, not incentivize sprawl.
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How does it encourage sprawl? It's mostly midrises and highrises getting built beside SkyTrain stations anyway. From a layman's perspective, a development fee doesn't change that, only slightly cut into the profit margin. One could argue that it actually
discourages low-density buildings because the return on investment is minimal.
Ditto a proximity tax. For rentals, the landlord pays and the tenants are safe; again, encouraging high-density over low. Condos will take a hit, but that's the price of living under/next door to a SkyTrain station - so long as the tax isn't
too high, I doubt many owners will mind.
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