I agree with Tuscani01. By the time that a project currently being proposed reaches the "shovels in the ground" stage, the economy should be well along in its recovery. It is still possible (in my opinion) that this recession will have little long-term effect, other than delaying those projects that have not yet put shovels into the ground by a year or so. Toronto is one of the few cities in the world that I would say this about. It has been hit far less severely than other cities, due to the strong Canadian banking system, and was sustaining a high level of high-rise construction before the current downturn began. Given the continuing inflow of population into the GTA, I see no reason why the high level of construction should not continue, once credit starts flowing again -- and early indications are that the worldwide banking system has finally started lending again after the latest Obama banking initiative.
BMyers, are all the proposals, whether one, two, or three towers, about the same total area? Because if they are, I definitely want to see the one-tower version! I assume that it would be about the same size (and height?) as 1BE itself.
Bill
