2934 King St E | 11 fl | Proposed

[nms]

What's the tally of "zone-and-flip" properties in Waterloo Region? Are these all the ones that are counted when various panels of experts tell us that there enough land for growth in Waterloo Region without breaching the countryside line?

[taylortbb]

Perhaps up-zoning permits should be nullified if the original proponent doesn't develop the property.

That would be pretty easy to work around. Form a corporation that owns the property, get upzoning, sell the corporation.

I think "use it or lose it" provisions are reasonable, but if developers want to sell projects between each other I don't see the problem. Zoning has an uncertain timeframe, maybe another developer is in a position to build sooner than the original owner, just due to capital availability or similar. Surely that's a good thing then if the project gets sold to someone who can build sooner?

We should incentivize the thing we want (building sooner), and not proxies that may or not be related to that (project ownership).