04-25-2016, 12:45 PM
(04-25-2016, 12:29 PM)panamaniac Wrote:(04-25-2016, 12:15 PM)Markster Wrote: And you have to acquire the land, which I'm sure the current owner is going to sit on until they are convinced by a sufficiently large pile of dollars.
A short description of a significant part of the life of Downtown Kitchener!
Of course, the owner is doing the logical thing. Every year, that plot is getting more and more valuable, because it has relatively unrestricted zoning, and that's quite special.
The only way to combat this is for the city to regularly rezone plots of land to have fewer restrictions, giving developers an amount of choice in development parcels, and keeping land prices tame.