Yup. The proper valuation would be on the highest and best use that can occupy the site without remediation. Which may just be the existing use. So the value would likely be relatively low as it would be considered to have no "Development potential" in the pricing, but it should still be valued on the existing cash flow at worst.If he was being to required to clean it up, sure. But he isn't. Who knows, remediation could be put off for years, or even decades. Or a land use could be done that doesn't even require remediation.
If you put the clean-up off long enough, the present worth is near $0. Meanwhile the property generates a revenue stream. So what's the present value of that revenue stream - that ends when he sells it?
I'd think that trying to force him to take $1 for it would be criminal, if I we didn't have a long history of Metrolinx's legal incompetence.
I said it last time these were posted and I will say it again. Don't get used to those designs. Metrolinx and the Province have a knack for sucking the life and soul out of the room. Also what is there obsession with the colour white? Its not bad but they just seem to use so much of it, and give it nothing to contrast against; why can't we have colourful stations anymore. Why does everything have to be so bland, generic, and paint by committee...The design company that created the Metrolinx Subway Design Standard for the OL was marketing itself to me on Instagram using images from that doc.
dexd (@dexdinc) • Instagram photos and videos
On their website, I found higher quality concept images of the stations. And even a video render of some stations.
Metrolinx Subway Station Architecture Design Standards — dexd
DS-09 Subway Station Architecture Design Standard - Animation of Requirements - Metrolinx - YouTube
Looks like Skytrain and REM had a baby.
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Ideally they will go with what are to me at least the obvious names (most of which are already shown on the map):Looking forward to seeing how Station Name turns out!
Two east harbours! 2 is better than one ig. Honestly that looks like it could even say east bayfront
Yeah, it’s definitely bayfront. The two words have many differences.Two east harbours! 2 is better than one ig. Honestly that looks like it could even say east bayfront
The way I interpret this, could be a stop at Cherry St near the Distillery district.Yeah, it’s definitely bayfront. The two words have many differences.
Highly doubt a new station would be added at this point, But that would be nice.The way I interpret this, could be a stop at Cherry St near the Distillery district.
...
14. Fashion District (this is the only one that sounds "off" to me. The word "Fashion" just really stands out to me and not in a good way; it just comes off as artificial. Whereas the other names along the line all have a "history" to them; they sound like actual places. Maybe someone could find another name for the station at Bathurst and King).
I like Adelaide or Wellington, even if they’re both east-west streets14. Wheat Sheaf. After the tavern.
(MADD would be mad about this.)