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They don't need to buy them. The city needs to get their legal tool box out if they are serious about heritage preservation
If the city does something to reduce the value of a property, the property owner can sue for compensation. Now, the city can slow play, and trade rezoning for preservation of some sort. But if the city wants to preserve over the objections of the owners, the city has to pay.
 
If the city does something to reduce the value of a property, the property owner can sue for compensation. Now, the city can slow play, and trade rezoning for preservation of some sort. But if the city wants to preserve over the objections of the owners, the city has to pay.
There is no civil suit that a property owner can pursue against the city/government for decreased property values. The only time a property owner might have a hope is if government action removed almost all economic utility from the property and that is a very high bar to reach in Canada.

Under Alberta statute, the city would have to pay compensation if the designation lowered economic value. That would be negotiated between the city and the landowner and if they weren’t able to come to an agreement, it would be dealt with through an administrative board.

They don't need to 'slow play'. Municipalities have a lot of power to manage and direct the use of private property through bylaws, negotiation, and Canadian property law more generally. The city chooses, based on policy reasons, not to leverage developers to better protect heritage buildings.
 
Bow City Storage is the storage facility going up next to Crowchild on 10th Ave, a rendering is in the Herald:
1594008624063.png
 
The good side of it, is there isn't really much right around that location. Normally this would be a complete eye-sore right along the river, but it's tucked in along Crowchild Trail and hopefully won't be very prominent.
 
From where?

From the Crowchild Bridge, from Sunalta School, from Shaganappi. It will also be a constant presence on in the river view from the north side as well.

If we build crap along our beautiful river, our beautiful river will start to look like crap. I know it's a difficult property and there's not much that could go there, but sometimes it's better to wish for no development than 6-storey warehouses covered in cheap aluminum siding.
 

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