CBBarnett
Senior Member
Some degree of conversion incentives was/is a good thing to get a few pieces moving and align with a variety of affordable housing programs. I recall the per-door costs being quite low for the conversion program on realizing affordable units relatively quickly. That's a great win.
I also buy the argument that some form of subsidy was required to kick start the market response. Risking waiting around for values to decline in the city's most important neighbourhood is not a really feasible strategy for effective city building and long-term health of the city.
Those points aside, I fully agree the focus should always have been and increasingly be on the public spaces. Part of the problem is that the conversation downtown has always been so dominated by the existing stakeholders - corporate office owners - that the prioritization was effected, looking at conversions first, public realm later. The 5,000 existing residents in high density towers along a tragic 8th Street that have suffered from absolute garbage public realm for decades would have made a very different choice in prioritizing streetscapes over subsidies, for example.
Conversion incentives and public realm investment are both needed, but conversation is flipped of where it needs to be - instead of 90 -10 focus on conversion incentives, it should be something like 90-10 in favour of improving public spaces.
I also buy the argument that some form of subsidy was required to kick start the market response. Risking waiting around for values to decline in the city's most important neighbourhood is not a really feasible strategy for effective city building and long-term health of the city.
Those points aside, I fully agree the focus should always have been and increasingly be on the public spaces. Part of the problem is that the conversation downtown has always been so dominated by the existing stakeholders - corporate office owners - that the prioritization was effected, looking at conversions first, public realm later. The 5,000 existing residents in high density towers along a tragic 8th Street that have suffered from absolute garbage public realm for decades would have made a very different choice in prioritizing streetscapes over subsidies, for example.
Conversion incentives and public realm investment are both needed, but conversation is flipped of where it needs to be - instead of 90 -10 focus on conversion incentives, it should be something like 90-10 in favour of improving public spaces.