Posted Oct 1, 2019, 5:57 PM
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Join Date: May 2016
Posts: 2,798
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If the $6.25M from the deal along with the $1.25M in revenue from that sale are combined, we get $7.5M. That's enough money for OCH to build an entire 6 story midrise if it's on land the city already owns.
I disagree with the suggestion that it should be earmarked for Somerset ward; instead, I think it should go into a new reserve fund earmarked for public housing construction along the O-Train lines. The city already did a comprehensive inventory of developable public land on the network, now start a fund to begin building.
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