If my Facebook is any indication of people’s reaction, this article in the Globe and Mail highlighting the City of Toronto’s plan to curb development on Ossignton, is quite a divisive story. There is fear that if the area keeps developing at its current pace, real estate will become too expensive for small businesses and large clubs will dominate the strip.
Personally, I think the people that run the city are morons. As a free market supporter, I think that if people want to spend their money on developing something, that is something the government should encourage, not prevent. While some of the fears of the city may be valid, their solution is not. People that live in the area have experienced a substantial return on investment in their real estate. The area is already so developed, they may as well just let it go all the way. Then, small businesses and artsy folks will gentrify another neighbourhood, increase its value, lower its crime and improve the city. That is how you grow and develop your city. I guess they have never been to New York.
Is it possible David Miller was born in Communist Russia?
2 years ago