Discussion · Government Orders
Dominique O'Rourke Liberal
“Changing the rules and permissions for this land makes it much more valuable. That is why this site now has so much economic potential.”
“Madam Speaker, the question is a good one and worthy of scrutiny, but I will say again that anyone involved in land speculation can have land that is basically worthless for generations, but when the zoning and the permissions change on that property, the value goes up exponentially. This is basic. This is what is happening. Because of the economic potential of this location at this time, there is increased value in the economic potential and benefits.”
Official Hansard
Madam Speaker, the question is a good one and worthy of scrutiny, but I will say again that anyone involved in land speculation can have land that is basically worthless for generations, but when the zoning and the permissions change on that property, the value goes up exponentially. This is basic. This is what is happening. Because of the economic potential of this location at this time, there is increased value in the economic potential and benefits.