p_xavier
Active Member
That's what the STM wants but the city wants to keep the land as social housing, hence why the costs are getting higher for the expropriations.While it's unfortunate that the cost of expropriation has risen, would sitting on 1.2 billion worth of land be an opportunity to build things (or sell to developers who would) and make money off the land Hong Kong style?
I mean, if you buy land and build under it, you still have that land's air rights to sell/rent along with construction staging lands. The value doesn't just disappear.