Mayor Demands Review of R3 Land Pricing
Mayor Jack Kennedy rejected the finance committee's R3 land price for the Wood Acres area and called for further assessment. The committee had proposed selling three R8 lots on Dufferin Avenue to Jacobson and Greiner at 85 per frontage foot to cover services and administration costs. The mayor urged reassessment by town assessors to ensure proper pricing for potential future development and rentals.
MENTIONED IN THIS ARTICLE
Jack Kenned
Finance Committee
Kennedy
Jacobson & Greiner
Jim Fasano
Dufferin Avenue
Jacobson and Greiner
Wood Acres
Cathedral
Campbell
Dufferin
Fasano
Bert Hayes
Salamanowitz
Tremandan Avenue
Lyall Gardiner
Salamanowitz Construction
Gardiner
City debates land prices to curb speculation
Councillor Fasano told the finance committee the R3 land price of $35 could ease downtown pressure as vacant lots abound. He argued prices may drop if more land opens elsewhere to curb speculation and urged a meeting with assessors to set proper prices.
MENTIONED IN THIS ARTICLE
Fasano
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