Comment 14579

By arienc (registered) | Posted November 26, 2007 at 20:25:46

An example of what I'm talking about...all those new homes Losani is putting up on the mountain and in Binbrook area.

Those homes probably went up in value about 10K because of the new expressway.

Yet, the developers were likely not charged extra to develop the land in order to pay for the cost of developing the expressway. The result is the whole city must pay for the highway, and the developer scores a massive profit out of the deal.

Had the developer paid an extra $5K or more per lot, the city would not be faced with such a crushing deficit in paying for 7 kilometres of roadway.

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