grey
Senior Member
This area's importance to Toronto in the form of industrial port lands is extremely minimal and there's no sign of that changing in the foreseeable future. Yes, there's lots of other land that can be developed, but this is waterfront property, which means higher land values and more tax revenue for the City to reap, which benefits everyone. The fact that it's owned and controlled by an arm's-length government agency also provided unique planning opportunities that aren't normally available elsewhere (at least not on this scale). Allowing this land to remain a languishing, polluted industrial wasteland in anticipation of some kind of romanticized industrial resurgence that will probably never happen frankly does not make a lot of sense.