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AlvinofDiaspar said:
Is property taxes the best - or even fair - way to drive this process though? It's one thing for the property owner to say the land is worth more to me to redevelop to a more intensive use; it's another for the state to use its powers to drive that process through valuation.



If one is serious about dealing with the housing crisis, it'd be tackling the yellow belt - instead of expecting what, 5% of the land area to handle housing pressures of the entire city. But of course, single families getting booted out of detached housing is whoop-de-do. Now that's something to cry me a river about.

AoD
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Yes, something needs to be done about the sacred yellow belt, but what? Our elected officials are held hostage by homeowners.
 
Last edited by a moderator:
AlvinofDiaspar said:
Is property taxes the best - or even fair - way to drive this process though? It's one thing for the property owner to say the land is worth more to me to redevelop to a more intensive use; it's another for the state to use its' powers to drive that process through valuation.



If one is serious about dealing with the housing crisis, it'd be tackling the yellow belt - instead of expecting what, 5% of the land area to handle housing pressures of the entire city. But of course, single families getting booted out of detached housing is whoop-de-do. Now that's something to cry me a river about.

AoD
Click to expand...
It is but one of a litany of tools needed to tackle it. Certainly far from the only.

Property taxes are a good way of combating people "sitting" on land. It forces them to look to develop. If land is wholly owned, the only carrying costs are property taxes.. and when it costs nothing to own land (or very little), there is no financial incentive to maximize its value beyond looking for a return. People are a lot more motivated when they see their bank account shrinking.
 
innsertnamehere said:
Property taxes are a good way of combating people "sitting" on land. It forces them to look to develop. If land is wholly owned, the only carrying costs are property taxes.. and when it costs nothing to own land (or very little), there is no financial incentive to maximize its value beyond looking for a return. People are a lot more motivated when they see their bank account shrinking.
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Of course it is a good tool - it might even be a legitimate policy tool even. But is it morally defensible when you have written off vast tracks of the city as sacrosanct and then expect the remainder to carry the weight? I'd argue not. I mean, let's do an economic output analysis of say this property and a similar sized property in a proximate site in the yellow belt. I mean, just who is sitting on the land, really?

AoD
 
AlvinofDiaspar said:
Of course it is a good tool - it might even be a legitimate policy tool even. But is it morally defensible when you have written off vast tracks of the city as sacrosanct and then expect the remainder to carry the weight? I'd argue not. I mean, let's do an economic output analysis of say this property and a similar sized property in a proximate site in the yellow belt. I mean, just who is sitting on the land, really?

AoD
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original-25942-1427414325-9.jpg
 
Yitz's Deli at Eglinton W & Avenue Road is closing on December 1st, 2019 after 47 years in business.

Ruby Soho, a new project from the group behind Sweet Jesus and El Furniture Warehouse, is replacing Portland Variety at King West & Portland.

Indonesian restaurant, Little Sister, is opening another location at 102 Portland @ Adelaide.

nowtoronto.com

New Toronto restaurants: L'Unita is closing - NOW Magazine

Markham gets conveyor belt hot pot, Little Sister to open downtown, an El Furniture Warehouse sister spot is coming to King, and more in your weekly dose of Toronto restaurant news
nowtoronto.com nowtoronto.com
 
I love Little Sister. That place will do huge business in the Entertainment District.

42
 
The Prohibition location at Yonge/Eg is closing today - citing "the never ending construction issues on Eglinton"
 
AlbertC said:
Yitz's Deli at Eglinton W & Avenue Road is closing on December 1st, 2019 after 47 years in business.

Ruby Soho, a new project from the group behind Sweet Jesus and El Furniture Warehouse, is replacing Portland Variety at King West & Portland.

Indonesian restaurant, Little Sister, is opening another location at 102 Portland @ Adelaide.

nowtoronto.com

New Toronto restaurants: L'Unita is closing - NOW Magazine

Markham gets conveyor belt hot pot, Little Sister to open downtown, an El Furniture Warehouse sister spot is coming to King, and more in your weekly dose of Toronto restaurant news
nowtoronto.com nowtoronto.com
Click to expand...
Regarding Yitz's, does anyone know if Metrolinx has been compensating them for putting a cargo container in front of their door? How could any business survive this? It's surprising they lasted this long.
 
They did a feature on one of the news programs. There was a construction parking lot in front of it. Pretty difficult to even see it.
 
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