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By wentworthst (anonymous) | Posted January 11, 2011 at 10:40:06
Ryan asked:
> Will the Future Fund money be necessary to replace IWS? Will the Future Fund board of governors approve this use?
Based on the research I did during the election ("So.. What happens when they leave?"), the answer is yes-- this will chew up the Future Fund like it had "fun-size" written on the side.
But... We were looking at having a property tax-hole there you could see from space. Well, another one.
What I opposed was using the Future Fund for an undeveloped area. IMHO, The more we redevelop the inner wards like 3 & 4, the more we will recover in property-taxes-- we have historic areas worth a fraction of the same in Toronto.
There is real land-value movement possible, but it will require buying up a lot around Ivor Wynne. I think we were looking at that regardless.
Comment edited by wentworthst on 2011-01-11 10:41:48
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