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Originally Posted by svlt
I think there is some public utility, as in the green space and beautification of the mall as a public space. Granted it might not outweigh the costs of basically generating zero affordable units for the locals.
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There are two towers with 290 non-market rental units, another tower with 116 affordable market rental units, and the tallest 51 storey tower is proposed to be market rental, with 587 units. While some will no doubt be expensive to rent, overall there will be several hundred genuinely affordable units, and none will be owned by absentee investors as has been suggested might be the case for some of the units in the condo towers.