Quote:
Originally Posted by WhipperSnapper
UoFT will never have a surplus of student housing. I didn't see a point. I don't see this property's value offsetting the cost of building 415 equivalent units as replacement or otherwise.
|
We all know these older buildings are energy hogs. This happens all the time across the city, taking down older buildings like this for newer ones so the the finances must make sense. What might seem like a huge waste of money to most of us might be a smart investment to an organization like U of T. Much like how banks build Towers they don't need, it's about image. And who knows with Ryerson now calling itself the Toronto Metropolitan University and watching it invest in and around the core U of T may want to do something grand on that site down the road to maintain their status as Toronto's premier place of higher learning.