Glad I stumbled across this site / thread. Great read - provides much context to a story I remember reading about in the paper a couple of years back.
Fantastic work 3D, thought it was a brilliant concept.
I remember reading the story thinking; I'm sure Rae wasn't much help to the process. I had my own issues with the former councilor. By '08 he had zero time for anyone / anything that wasn't related to one of his own personal causes / endeavors.
Perhaps I can add some context as well ...
I am very familiar with the land ownership group. Conjecture within this thread towards density possibilities is accurate. And, given the multiple [global] interests which make up this group, departing from a valuation that considers anything beyond maximum density is extremely challenging.
Contrary to the article suggesting the "right price' hasn't been identified - it has, however financing fell through ...