This seems like a pragmatic and proven approach. It feels to me like we are questioning it in this case solely because the units in this building are likely to be bought by affluent people. That is just wrong in my opinion.
Exactly. Also, considering the location etc, it is most likely the highest and best use of this building. Whats the alternative? a homeless shelter and bike garage?
These are job creating developments that inject a lot of up front money into the local economy via well paying trades work, materials and appliances etc. Then lets not forget the PPT that the Province receives. As Coleman says, the City ROI is approx 18 years and then its gravy from that point onwards.