Community, Diversity, Sustainability and other Overused Words
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As a former management consultant with clients that ranged from small companies to large Fortune 500 companies, and the largest company in Canada, one principle stood out when trying to understand a business: Follow the money! So, let's unwrap the "No on LV" package: First some basics: Increased height, plus density, equal higher land values; this often translates into what is called economic rents, that is, profits beyond what is needed to justify a project. Another basic is that most...