Comment 115270

By KevinLove (registered) | Posted December 01, 2015 at 13:02:11

A good example of infill development that hugely subsidizes the suburbs is the current project converting the former James Street Baptist Church to condominiums. When it was a church, the property was tax-exempt. As condominiums, they pay the full tax rate.

But the key fact is that the additional infrastructure required for the project is almost zero. Roads, schools, libraries, water and other utilities, etc. is already there. In the case of roads and schools, the existing infra is currently underutilized with significant spare capacity.

So this is a huge financial gain for the city. A huge financial gain which is being used to subsidize wasteful suburban development.

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