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By g. (anonymous) | Posted December 12, 2013 at 14:29:11
if surface parking lots were taxed at the same rate as the median building rate for the area it would immediately create conditions favourable to the redevelopment of these lands. as it currently stands there is just so much money to be made in surface parking which from a city building perspective should be avoided in the core with few exceptions. as it stands it is extremely difficult for someone who actually wants to build a building on a parking lot to purchase one. it is by far easier to buy a building and knock it down. this is extremely perverse and must be dealt with at the provincial level before we will see any real changes in the core.
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