Quote:
Originally Posted by officedweller
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...“The current lane alignment bisects the development site and the Lane closure and sale is therefore essential to the project,” reads a city staff report.
So in cases like that, does the Ciyty just have a developer over a barrel and can demand whatever rate they want for the absorbtion of a laneway into a development? Or do they have a rate sheet or formula?
That transaction would put the lane up there as one of the highest $/sq. ft. deals in the city, wouldn't it?
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