maestro
Senior Member
Riocan is in the business of distribution to shareholders to maintain share value while selling more shares. This won't be planned as low income housing. These high rise complexes do have a poor history in retaining their value as they age. I don't get all the excitement for towers here and up to 35 storeys. The site, IMO, is suitable for intensification. Some in the form that blends in with the surrounding than stick out like a sore thumb would be preferred. This is what Toronto would built and Toronto is the last place to copy.
High rise neighbourhoods subsidizing single family home neighbourhoods is not exactly true either. Revenues are higher per square kilometre in high rise neighbourhoods. The upfront costs to build the necessary infrastructure to provide a high standard of living is much higher too. For example, a in traffic bus route is sufficient in a single family home neighbourhood. A higher density neighborhood will need grade separation for transit
High rise neighbourhoods subsidizing single family home neighbourhoods is not exactly true either. Revenues are higher per square kilometre in high rise neighbourhoods. The upfront costs to build the necessary infrastructure to provide a high standard of living is much higher too. For example, a in traffic bus route is sufficient in a single family home neighbourhood. A higher density neighborhood will need grade separation for transit
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