Allowing high-rises near rapid transit stations and bus exchanges
Hey Russil, thanks for the article about this. I'm most curious about the phrasing in the official press release: "This legislation, if passed, will build on work underway to facilitate more transit-oriented development, create more livable communities and tackle the housing crisis."
In your view, is there a chance that the legislation won't be passed? Or that it may be watered down? I'm not familiar with provincial politics.
Also wondering whether you have some thoughts on the 100k unit in 10 years projections. Just eyeballing it, it feel like the plan could support A LOT more as is. Is the projections too conservative? Maybe they assume the development charge will be high which deter developer?
Love the minimum requirement for FAR and story. Here is hoping the province will do similar thing for the multiplex plan. Honestly FAR of 1.5 and 3 stories should be the minimum standard for across the province given the urgent need for more housing.
I am curious about your thoughts on the FAR's that were chosen, as they seem like the bottleneck when it comes to the amount of units that will result from this policy (as opposed to the heights).
Also curious if you think Rapid Busses should have been included or if that's going too far, potentially giving NIMBY's a reason to oppose new rapid bus lines and easily removable bus lines that already exist.
All that said, I am very ecstatic that the provincial government is taking steps to combat the housing crisis, and am starting to feel optimistic!