Whether a residential or park, the engineering to build something this large over this rail corridor will most likely be cost prohibitive and unsustainable. For a public park financing will have to come from governments that would unlikely to be eager to fund such a massive endeavour. For a residential developers would have to find significant investment into something that has a high risk of no real returns. And any arrangement between developers and government to finance this in our current environment will likely be as shady as all get go (see: that Therma deal for Ontario Place)…

…so no. Let’s move on from here like this will never happen. And put this in a footnote of our curious history of things that would never happen, IMO.
 
toronto647 said:
What was settled was the pink areas, meaning the government got the air rights? and if so what happens with the purple area, can someone explain that?
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The broader issue with this whole [entirely corrupt] canard is that 'air rights' aren't a thing we deal with in Toronto development. In NYC, 'Air Rights' are a quantifiable asset with numerical backing. This, on the other hand, seems to be a nebulous: 'the general ability to do a theoretical building here' because if Craft were a real developer (they aren't) and if they actually wanted to do a project over the rail corridor (they don't), the proponent would still have to go through the same zoning, SPA, and permit processes that all other sites in the City are required to. In Toronto, the term 'air rights' doesn't confer a particular zoning envelope or FAR calculation, so what it all actually amounts to I'm at a loss.
 
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