messenger390
New Member
Most private development is motivated by 'for-profit capitalism' as are most businesses. The developer's job is to maximize their return on investment in whichever ways they can, while it's the local councillor and other politicians' jobs to use that potential profit as leverage to make developers include things that benefit the public. This can be anything from parkland contribution, payment to the city towards affordable housing, and many other public benefits.
For this specific project, the City wants the following from the developer:
- FYI here is one reporters take on the section 37 fund use in this case:
"Section 37 money.
(Section 37 money is a ‘fine’ paid by developers in exchange for crappy architecture or overbuilding on a site.) Here’s where the City thinks the money should go:
- Affordable housing or the securing of purpose-built rental housing at mid-range or affordable rent level categories.
- An on-site day care facility or funding for one.
- A contribution towards the revitalization of Weston Library.
- A contribution towards the replacement of the Falstaff Community Recreation Centre (not even close to Weston).
- Improvements towards local parks."
taken from : https://www.westonweb.ca/city-to-1821-weston-developer-try-again/ - March 1 2020
Thanks for engaging in discussion. It is helpful for people who actually live here when developments make a meaningful contribution to the public good. It would be welcome to see improvements to Lions park and the Weston Public Library. They are both facilities that are used by many many people in the neighbourhood.
390