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By Kiely (registered) | Posted March 23, 2010 at 09:49:50
"The city should buy the Connaught, convert it into condo units and then offer 99 year leases to the buying public. The city will retain ownership of the property, but it will get more people living downtown and paying property taxes today." - More roads
The 99 year lease is Singapore's approach. Much can be learned from Singapore when it comes to public housing... and egalitarian political doctrine in general.
For those that are interested, simply Google "Singapore Public Housing Policy" and there are many studies and articles to read.
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