The economic and viability…

Numéro du REO

025-1368

Identifiant (ID) du commentaire

179975

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Individual

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The economic and viability case for these MZOs and this project has collapsed. The condominium market has both collapsed and shifted, with the market no longer supporting high rise projects dominated by studios and one-bedroom units, which is the configuration this TOC proposes. Oakville needs family-oriented, complete-community housing, not investor-driven micro-units. The project will not proceed for at least five years, so there is no urgency or justification for imposing these MZOs now. Their only effect is to lock in inflated land values for the developer. IO should pause, shut down this TOC, withdraw the MZOs, and proceed with OPA 70, that is a responsible, deliverable, community-supported plan that is aligned with the changing market. I vote NO for these MZOs.
These MZOs would force extreme and reckless density on Midtown, more than double that of any comparable development in the GTA, without the infrastructure to support it; creating chaos and overwhelming transportation and services that are already overstressed, including local roads, transit, the GO station, and the QEW. The Town’s OPA 70 already permits densities up to 6.0 FSI, which is very high by any North American standard, making these absurd densities neither necessary nor acceptable. The MZOs would also eliminate affordable housing requirements, which is what is actually needed. This TOC is not about delivering housing; it is about maximizing developer land value at the expense of livability, infrastructure capacity, and the public interest. I vote NO for these MZOs.

Thank you!