10-11-2017, 07:01 PM
Article from the Kitchener Post on updates from the PARTS plan for the Midtown station area.
https://www.kitchenerpost.ca/news-story/...g-middle-/
It's an interesting article but it seems like some local politicians either don't understand the core objective for the Ion project (intensification in core areas) or don't understand how basics economics work. If I am a developer with a parcel of land in Midtown with the appropriate zoning, given the opportunity to build a town house or a high-rise, I am building the high rise every-time. Unless there are incentives to build a town home or lower density project.
https://www.kitchenerpost.ca/news-story/...g-middle-/
It's an interesting article but it seems like some local politicians either don't understand the core objective for the Ion project (intensification in core areas) or don't understand how basics economics work. If I am a developer with a parcel of land in Midtown with the appropriate zoning, given the opportunity to build a town house or a high-rise, I am building the high rise every-time. Unless there are incentives to build a town home or lower density project.