They rezoned the site from industrial to residential for an affordable housing proposal. Now, the land’s more valuable and the landowner is looking to sell it.
“We chose to buy this site to try to create affordable housing for normal people,” wrote the developer in a letter to a local councillor in September 2017.
Councillors rezoned the site from industrial to residential based on a pitch for 350 homes. But a new plan would be much taller and denser than they expected.
The landowners lobbied for the change and told councillors they plan to develop affordable housing there. Some councillors worry they’ll just flip it once its value rises.
