Ideals in a standoff with profit at the Hippodrome
The city’s environmental ideals are in a standoff with developer drive for profit at the Hippodrome.
The city’s environmental ideals are in a standoff with developer drive for profit at the Hippodrome.
Ephraim 22:38 on 2023-07-02 Permalink
The city could also just put it out for contract. But whoever builds it, will do it under a new company, because it has a 30 year clause… and it’s cheaper to declare bankruptcy than to live with a 30 year clause. It would be interesting to have someone develop the are cohesively. And it should be worth a pretty penny considering it’s proximity to the metro and stores. And 6500 apartments? I bet they could make them very green and have more green space and still be able to put more in that region. I wonder if they could get Habitat for Humanity involved in the project as a way to build more social housing at affordable rates.
Kevin 10:48 on 2023-07-03 Permalink
To get this area developed Montreal will have to bite the bullet and extend Cavendish (At least two lanes for cars in both directions) and build a tunnel under the tracks west of Walmart/Decarie Square.
Without some other way to get to that location it is just too costly to get concrete to Blue Bonnets.
Michael 17:49 on 2023-07-03 Permalink
City is finally learning that nobody wants to spend time to build at a loss.