digitec
New Member
I'm not against what you are saying, I partially disagree. The T.P.A said to them selfs, "if were going to sell the majority of the land at the site, and the heritage building we are currently in costs us tonnes of money on taxes because this place is heritage, why don't we throw it in as a bonus (small price) to the developer and go somewhere else in the area and not pay as much tax?? It will save us LOTS of MONEY." They (T.P.A) are planning ahead of the game, so that the developer thinks "WOW, what a good DEAL!! " , and when they look at the numbers, they discover that this place will drain their pockets, and they got fooled by the T.P.A. Even if Menkes or Oxford tries to do some "investment" in the place, that STILL won't cover the great cost of tax the city asks. They even don't work with investments, they work with developments (No Experience). The only thing this building will be good for the developer is that it will be an excellent sales office. The second they sell their last condo or office, they will immediately post the building for sale for a low price to get rid of it!
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