inclusion
New Member
Good planning considers the future. Sticking to density targets will bring in higher tax revenue long term. The City recently released the fiscal gap report highlighting the long term fiscal challenges the City is facing. Sticking to density targets in Blatchford and other parts of the City will help get us there. Likewise, some people will drive, some will take transit. Some people may choose to not have vehicles.
Many of the critics in the development space are in the private sector, which operates on a profitable model. Someone said several pages back that Blatchford is a policy decision by the City to have a certain type of development, which is absolutely correct. That doesn't need to be a bad thing though. The City, like other forms of government has the ability to eat costs that the private sector can't. In addition, Blatchford is competition to the private sector, so of course they are going to critique it. The market can only absorb so much housing at any given time even with the high growth rates that Edmonton has. People choose to live close to where they work. Commercial and industrial development isn't all concentrated in central Edmonton, so market absorption is going to be spread across Edmonton including greenfield areas. It isn't a secret that south of Edmonton and northeast are developing industrial far greater than Edmonton is. The private sector also has Bonnie Doon redevelopment, Strathearn, Jasper Gates, Millwoods TC - none of which have gone anywhere in 10 years despite solid plans and proposals. While the private sector has wins too, there are plenty of shelved large scale redevelopment projects. Given the remediation required in Blatchford, I'm not convinced the private sector would have done any better due to the upfront costs.
Several medium density lots are in the planning stages right now, so hopefully we start to see some denser buildings over the next 12-24 months. Some of the failed projects previously mentioned were condos and those failures aren't unique to Blatchford. The entire market has shifted to rentals and for developers that aren't Westrich, etc, it takes longer to pivot and change financing, etc.
There are a lot of people that lurk here in the Real Estate sector, but many stay out of conversations because there are definitely a lot of laypeople posting questionable things about development. The posts here really show that off sometimes.
Many of the critics in the development space are in the private sector, which operates on a profitable model. Someone said several pages back that Blatchford is a policy decision by the City to have a certain type of development, which is absolutely correct. That doesn't need to be a bad thing though. The City, like other forms of government has the ability to eat costs that the private sector can't. In addition, Blatchford is competition to the private sector, so of course they are going to critique it. The market can only absorb so much housing at any given time even with the high growth rates that Edmonton has. People choose to live close to where they work. Commercial and industrial development isn't all concentrated in central Edmonton, so market absorption is going to be spread across Edmonton including greenfield areas. It isn't a secret that south of Edmonton and northeast are developing industrial far greater than Edmonton is. The private sector also has Bonnie Doon redevelopment, Strathearn, Jasper Gates, Millwoods TC - none of which have gone anywhere in 10 years despite solid plans and proposals. While the private sector has wins too, there are plenty of shelved large scale redevelopment projects. Given the remediation required in Blatchford, I'm not convinced the private sector would have done any better due to the upfront costs.
Several medium density lots are in the planning stages right now, so hopefully we start to see some denser buildings over the next 12-24 months. Some of the failed projects previously mentioned were condos and those failures aren't unique to Blatchford. The entire market has shifted to rentals and for developers that aren't Westrich, etc, it takes longer to pivot and change financing, etc.
There are a lot of people that lurk here in the Real Estate sector, but many stay out of conversations because there are definitely a lot of laypeople posting questionable things about development. The posts here really show that off sometimes.