Raise the Hammer
RTH received an email response from Jillian Stephen, the manager in charge of the City's Rapid Transit project, confirming that a number of people have expressed interest in properties around the east-west corridor that is the proposed site of Hamilton's B-Line Light Rail Transit (LRT) line.
Stephen has already made a presentation to the Commercial Realtors (Hamilton/Burlington) after being invited to do so, and has also been invited to present to the Ontario Expropriation Association this coming fall.
The Rapid Transit office organized a workshop with developers [PDF link] this year to discuss what policy changes are necessary to make transit oriented development successful, and are discussing LRT with outside developers.
Staff have also noticed MLS listings for properties along the transit corridor advertising that the property is close to the planned LRT line.
Here is the text of Stephen's email:
I have had people looking to buy real estate contact me about station locations along the corridor. I do not know if they were investors, developers or others. We have seen the B-Line included in MLS listings for properties along the corridor (i.e. "close to future B-Line corridor").
I was invited to present (and accepted) to the Commercial Realtors (Hamilton/Burlington) a couple of months ago and have been asked to present to the Ontario Expropriation Network in the fall.
We had a workshop with developers a couple of months ago (report is on the Nodes and Corridors page of the City's website), and we are talking to developers from outside of Hamilton now about what impact LRT would have on their future decisions to invest in Hamilton (or not).
By Brandon (registered) | Posted July 18, 2011 at 16:06:45
Sounds pretty tepid to me. No real interest at all. Good thing our leaders are all focusing on the GO problem!
Nothing like snatching defeat from the jaws of victory.
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