Quote:
Originally Posted by hunter12
My understanding is that the sale of lots pays for all infrastructure, streets, parks etc including a portion of interchanges. The city land branch makes money from land development so do you have more details as to how it is heavily subsidized?
Although density may be the answer I think most people in Saskatoon want a single family home with yard, garage etc.
I couldn't wait until I could afford to get out of an apartment and into a house. But I will likely move to a condo some day when I'm over 75.
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I believe the funds raised by selling the lots covers the capital costs to acquire the land, develop it and service it with infrastructure, however it does not cover the ongoing maintenance costs. The cost to maintain SFD neighborhood (clear snow, sweep streets, collect trash, build and staff fire stations, mow lawns in parks and municipal buffers, repair broken water mains and fix aging roads) exceeds the amount collected from taxes in those neighborhoods... ie they are subsidized.
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