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By another capitalist (anonymous) | Posted January 08, 2008 at 16:37:02
What a sad day.
I live downtown and I was really hoping this was finally going to happen.
Where are all these other developers that will help downtown? LIUNA is being vilified. They have restored the Station, they've done a great job with their own office. Who else has done this?
Here is the bottom line....any building can be restored BUT at what cost? I agree with the city not agreeing to these new costs. It was too much.
But I completely disagree with this "Heritage" issue. A lease was agreed to, it was $24/sq ft (still too much I think, but to get the project going I could stand it) and then they were told you have to restore it. Of course the costs will skyrocket. Look at the joke at 71 Main Street West (City Hall)...first it was $35 million, then $45 million now I'm hearing $70 million.
I think it's time that we elect councillors at large. The ward system does not work. I think the Mayor and the Councillors should be elected by the majority of the whole city. The overall good would be the main focus of council and not the special interests of the few!
Just my 2 cents
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