[Moncton] Sackville Developments - Page 19 - SkyscraperPage Forum
Salem Properties Inc., would include two new streets. Sheppard Lane would run directly off Queens Road, while Basinview Drive would run parallel to it.
More at this link: Solid turnout for public meeting about housing issues in Tantramar - Frequency
"Town Councillor Bruce Phinney pointed to the $1.1 million rebate that developer John Lafford received for his six-storey, 72-unit apartment building at 131 Main Street and the $1.5 million Lafford and partner Mike Wilson received for a building currently under construction at York Street and Ford Lane with a total of 97 apartment units and about 10,000 square feet of commercial space."
"Council also approved Eric Tusz-King’s application on behalf of Freshwinds Eco-Village Housing Co-operative for a rebate of more than $1.8 million. The co-op plans to build 68 residential units on its property at 64 Fairfield Road with an estimated value of $24 million."
Read more here: Tantramar council approves $3.3m tax breaks for housing projects |
"Council OK’d Artie Kenny’s application on behalf of Salem Properties Inc. for a rebate of $1.5 million. The company is planning to build a total of 87 residential units on its property at 112 Queens Road at an estimated value of $20 million."
"Percy Best says:
Using the given figures above, I am wondering why the Salem Properties Inc project seems to be estimated at $230,000 per unit while the Freshwinds Eco-Village Housing Co-operative is estimated to be $353,000, or over 50 percent more per unit."
Percy Best points out the obvious... that the heavily subsidized co-op housing is MORE costly and not a good investment of money.. and it also undermines the model of private development and private property ownership.
Photography by THE Indie Media Eastcoast of old panel from Sackville's destroyed Methodist Church 1875-2015 that was installed in John Lafford's building entrance on Main Street.
