Quote:
Originally Posted by anactualalien
So if the potential cancellation of the LRT is a face saving cop-out, what's supposed to be the real reason? Are these companies all actually just shysters like Stanton? Lamb is right when he talks about what Hamilton can command in price per square foot.. if this city leadership is hell bent on trying to sabotage growth why expect that developers should feel honoured to have their projects obstructed at every turn here? LRT is a perfect bellwether of whether this city wants to piss away another generation on the post-industrial transition (and despite Ford it has always been at the ultimate mercy of council). I wouldn't blame anyone for packing up if it seems the sleepy university/healthcare town ruled by rent-seeking homeowners isn't looking to embrace its urban identity and balk at a no-brainer like fully subsidized mass transit.
I think when developers are worried about LRT it's not based on the scary new provincial government but the enduring angst and pettiness from amalgamation playing out at city Hall that pushed the timeline into the election.
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1000%. These same developers are building like gangbusters throughout the GTA. Hamilton City Hall is THE problem. Period. End of story. Has been for 50 years, and based on the lack of vision/concern from the voters, it'll continue to be the problem for the next 50.
Developers face thin profit margins in lower Hamilton...LRT is absolutely a game changer for them. I know some folks in the development industry. They foresee a huge dry-up of projects if LRT is cancelled.
On the opposite front, check out the development activity in long-dormant urban K-W now that their Ion LRT is about to open. Developers didn't suddenly see a new city on the map that they had previously missed. They've known about K-W forever. But like Hamilton, the profit margin on dense, urban developments was too low to take the risk...until that city administration decided they could be so much more, and led with vision and ambition into the future.