Comment 68127

By Undustrial (registered) - website | Posted August 17, 2011 at 11:17:45

We really have no reason to believe that a $140 development will appear any time soon. How many derelict fire-traps and rubble lots are owned by Vrancor within a mile of this site? How many rules and agreements have been violated with this site already?

People have claimed that Vranich and co are "developers". I'm really not sure that label applies - they're speculators. They buy and hold properties for the long term, waiting for an opportunity for enormous windfall profits. In fact, they're Hamilton's most infamous speculators. And that being so, we have to take what they promise with a grain of salt.

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