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'It Takes Guts' To Be Green

Posted by: Abhijeet Chavan
Thanks to: Abhijeet Chavan
24 August 2004 - 2:00pm

How Toronto's greenbelt idea evaporated.

"By the mid-'80s, without any formal announcement, the greenbelt seemed to evaporate. Development continued apace in the tender fruitland areas of Niagara while Toronto's sprawl marched north up Yonge St. Not everything was lost. But the idea of a coherent belt of green was gone."

Full Story: Saving any greenbelt takes guts
Source: The Toronto Star, August 24, 2004
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The decision to abandon a property is a symptom of the loss of confidence. And while abandonment certainly affects confidence among surrounding homeowners, the most important question to answer is not "how do we deal with abandoned properties?" but "what is the most cost-effective way to restore market confidence, and how do abandoned properties fit into that picture?"
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