Quote:
Originally Posted by sdm
All easily show the buildings are NOT worth saving in their current state.
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This sort of argument coming from developers seems very disingenuous since what is or is not "worth saving" is so arbitrary. I'm sure there are developers out there who would be willing to buy St. Paul's and tear it down for condos because it's only a wooden structure and they'd find foundation issues and whatnot. They'd give you a study showing that you can't put an office tower on top of a wooden church, so they'd only be able to rent it out for X dollars but the taxes and repairs are Y > X, so it's time to get out the bulldozers!
These studies ignore the huge collective value of having attractive, diverse buildings and of maintaining the city's connection to its past.
The other big part of this is that what is or is not economical depends highly on potential building rents, maintenance costs, and taxes. One of the big complaints of the developer in this case was that the buildings are now losing money, and much of this is because of taxes paid to the HRM - it is a highly controllable factor, not something inherent to the buildings.
It is fine to say that the CBD should be developed but the fact is that Halifax has a very limited supply of heritage buildings but still lots of empty sites downtown. If some of the nicest blocks are being torn down while the parking lots remain there is a big problem somewhere.