11-24-2017, 03:09 PM
(11-24-2017, 02:19 PM)KevinL Wrote: The federal government purchased thousands of acres in north Pickering for an airport that is still just a pipe dream. This seems much tamer in comparison (and as the article mentions, we'll get rental income in the meantime).
That land was expropriated, too, which introduces a number of other issues. By contrast in our case we have a willing seller. I’m actually a bit surprised that investors didn’t buy the land on the assumption that the airport will grow and need expansion. But that’s looking like a pretty long-term bet so maybe there are better investments elsewhere.