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This is a classic subsidy issue, if it is once subsidized it will always have to be subsidized. And if someone is doing it, you have to do it too. That's a summary of "free-market" economics since the 70's and 80's.
 
This is a classic subsidy issue, if it is once subsidized it will always have to be subsidized. And if someone is doing it, you have to do it too. That's a summary of "free-market" economics since the 70's and 80's.
Or the city can reduce the psf subsidy year over year. From what I remember the previous program had to close because too many applicants, that's clearly an indication they should lower and optimize the psf subsidy to maximize projects built.
 
New DP for a conversion of the T1 TransAlta tower opposite to Beltline Block

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Conversion to… residential?! That’s dope, I can take updates from my balcony 🤪
 
Glad to see the exterior is staying mostly the same, I always liked the look of this building. Just something about it being nearly square in shape really appeals to me. Anyone know the exact age of this building? All I can see in the historic aerial images is that it might be an add-on to a pre 1924 building.
 

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