DarnDirtyApe
Active Member
It's not that he wants to make money, it's that he's been saying all along that this project should be permitted because the public benefits outweigh the loss of the existing buildings and the excess height (relative to the official plan, nearby buildings, and so on). He says that the condos are required to raise enough money for him to be so "generous" as to bequeath the city a Gehry-designed multi-use complex replete with cultural amenities. Of course this is just a smokescreen, because the commercial value (which would accrue to him personally) far exceeds the value of public benefit - which, aside from the (arguable) aesthetic appeal of the new complex, seems to be a small space for the private use of OCAD students, a "museum" that is basically all the stuff that used to be in the Ed's restaurants, and some retail.
I don't know the exact figures, but I suspect that the existing buildings on the site (excluding the theatre) have more square footage than the proposed OCAD + gallery spaces. If he were really that charitable he would simply donate the buildings to OCAD on the condition that they open them up for public use and display the Mirvish collection somewhere on the site.
I don't know the exact figures, but I suspect that the existing buildings on the site (excluding the theatre) have more square footage than the proposed OCAD + gallery spaces. If he were really that charitable he would simply donate the buildings to OCAD on the condition that they open them up for public use and display the Mirvish collection somewhere on the site.