Comment 49993

By jonathan dalton (registered) | Posted October 21, 2010 at 11:40:00

The ethics and sense of eliminating farmland and putting our future jobs so far away from the actual city, is debatable and you can argue for or against it. What is not up for debate is the occupancy levels of our existing business parks, at the Airport and Glanbrook. Developer interest has been much lower than expected. Why would we continue to expect these jobs to materialize? By expanding the AEGD, we are creating supply in a market where demand is already low.

One thing we can all agree on is that we need the jobs and we need the commercial and industrial tax revenue. To me, the question is who is going to pay this $66M in property taxes? Who is going to pay this $194M in development charges? Would it be the same companies that we were told would develop and occupy our existing business parks? How do you reconcile the predictions of the reports with the obvious reality that, as Ferguson said, developers are not lining up?

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