Comment
I cannot say it any more eloquently than John Filion.
The Yonge/Sheppard development is used as an example of what would happen under the new rules
"Under the new rules, someone with an identical development on an identical site with a land value of $59.6 million would pay $8.9 million towards a new fund that replaces the combined $16.5 million parkland and Section 37 payments. It’s also worth noting that the smaller payment would not be earmarked for local use"
It is bad enough that the pendulum is springing back in favour of the developers just when the general public thought they might have a say in what goes on in their communities but there now seems to be a possibility that the community involved may not even get the benefit of the combined money. It is my humble opinion that developers should be footing all, or a major part of, the bill for new schools.
Submitted April 19, 2020 4:15 PM
Comment on
Proposed regulatory matters pertaining to community benefits authority under the Planning Act, the Development Charges Act, and the Building Code Act
ERO number
019-1406
Comment ID
45574
Commenting on behalf of
Comment status