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By JonC (registered) | Posted September 24, 2009 at 12:29:32
The only objection that I've written about here has been the cost (well that and the lack of a visible process).
I don't care how much it costs to renovate a 100 year old building. I don't care about the cost of Regent Park.
Please note that the costs you mention 600k, 143k and 120k, are costs to build and own. You are comparing that to the 180k per unit to renovate, and still have the units be owned by a private developer with only a 20% rental reduction (compared to market rates).
In your opinion does giving the 18M to a private company to provide a 20% reduction on 100 units provide equal value to acquiring the housing in full. You're not going to answer straight, so the correct answer is, it doesn't. I'm all for criticism, if it is valid. Your points are undeveloped, don't address the point and meander.
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