Originally Posted by ohcanada
It costs us money as taxpayers when it should be making us money. There could be a beautiful development there (condo towers in the middle with low rise commercial and residential along a boardwalk on the west and east) if we filled in the Western Gap and dug a new channel south of the airport. Conservative value of the land to developers (all of which would go into the federal government's pocket): $2 - 3 billion. Now that makes a lot more sense than Porter (or anyone else) operating out of YTZ!
Really, making us money? I'd like to know where all the property tax money the city collects from all these new condo's in the sky are going? The city is always saying it needs more money because of budget short falls
What makes money is business not the government. What the government should be doing is building a link to Pearson from downtown Toronto, take down the expressway and get rid of the island ferry and build a link for pedestrians.