Downtown Toronto
Eight Real-Estate professionals were appointed recently to the board of Build Toronto, mandated to turn Toronto’s own land holdings into cash.
Now the city can use Build Toronto as a means to further overcome political resistance to suburban intensification.
Three downtown councillors have helped add $40-million to Toronto’s tax base by expediting approvals for development in their wards.
Build Toronto is now mandated to expedite the same type of deals in the suburbs against the “Not in My Back Yard” attitude , immune from council’s control.
The Mayor played a lead role in picking the board and he drew from the top private-sector expertise.
So it will now be all business for the Build Toronto board and we wait to see how they will “monetize” the City of Toronto’s real-estate portfolio.
Related Posts:
[...] New City Council Board Build Toronto [...]
By: Build Toronto To Cash In City’s Real Estate Portfolio « Toronto Real Estate, Condos, Condominiums on May 4, 2009
at 8:23 am
[...] Build Toronto [...]
By: Build Toronto Control Growing Concerns « Toronto Condos on May 4, 2009
at 3:38 pm
[...] New City Council Board Build Toronto [...]
By: Corus Quay Toronto Waterfront « Toronto Real Estate, Condos, Condominiums on July 20, 2009
at 5:22 pm