Comment 39011

By Undustrial (registered) - website | Posted March 23, 2010 at 04:22:31

There are far too many economic side-benefits to leaving building in horrid condition, if you're wealthy enough to take advantage of them. A single Lister Block can drive property values down for blocks in every direction. Look at the "Loffts" on Dundurn, across from the Beer store. They get spray painted, were effectively open to the public for years, are falling down, look absolutely awful and frequently catches fire (which on at least one occasion knocked out power all the way to Locke).

If one were in the business of, say, buying up undervalued properties in areas about to be "developed", this kind of behaviour would make perfect sense, even without these disgusting tax breaks. But, of course, no prominent Hamiltonian developers are involved in such behaviour...

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