Quote:
Originally Posted by durandy
Does the fact this is a tendered project make any difference? The city is basically guiding this project along so rather than fighting the city as in many OMB appeals, this is just against private interests, and with the new LPAT rules the rules seem more favourable to the municipality. Also, the financing may be more favourable since the consortium actually has an equity company in the mix - Greybrook capital. They may evaluatethe risk differently than a typical private development?
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Yes and No. In short, It does help that the city is on the same side as the developers, but an appeal is an appeal regardless and will still hold things up and the developers will still go through a similar process than if they were going up against the municipality.
Because there are so many appeals at the OMB, each appeal is dealt with on a case to case basis. Therefore, it depends on where this particular development currently is in the queue, how strong of an argument they are facing from the opposing party, what concessions either party is willing to make in order to move this forward, how far the opposing party is willing to go in order to oppose a specific portion of the project (or the entire project), etc. Lots of factors, but I'm sure since the city is aiding in getting this land developed, they will likely be making arguments in favor of the development to the OMB, which will likely help their case.
Time will tell.