Comment 70688

By Capitalist (anonymous) | Posted October 19, 2011 at 17:16:17 in reply to Comment 70684

Pxtl,
I am aware of the access at Burlington Street and I would love to see that area redeveloped however, there are a couple of reasons why businesses don't go there that you need to understand:

1. The cost of land remediation. Cleaning those lands would take a few years while building in the Glanbrooke Park can start in 8-10 mos. Do you want to tell your shareholders that you are delaying investments so you can locate on a remediated brownfield? Do you have any idea what kind of cost this delay would have for a company in a competitive industry?

2. Small land parcels. The development in the Glanbrooke Park will probably consume 30 acres of land. There just isn't this availability in the north end, and copled with #1 the costs would be very high.

I would love to see the north end redeveloped to new businesses but for many businesses the obstacles I listed above make going there a non-starter. I wish it weren't true but you have to accept it and plan around it. That is why I was/am a strong supporter of RHVP and AEGD.

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