- Joined
- Nov 20, 2008
- Messages
- 128
Well it's official....finally.
The long and difficult stadium issue has been resolved in Hamilton.
Last week Hostco, the organizing body for the Pan Am Games, approved Ivor Wynne Stadium!
What this means to Hamilton is the city can get on with important
projects that have been on the back burner since the stadium debate
hijacked much of the cities (not to mention the media's) energy.
Projects like making LRT happen in Hamilton. The city must present
LRT to the city in such a compelling way that the citizens demand it.
Not surprisingly there are some in Hamilton who oppose LRT and often
those voices are stronger and louder than the supporters.
The West Harbour rezoning (setting sail secondary plan) is expected
to be approved this year. It is still at the Ontario Municipal Board
dealing with appeals. Perhaps now that the city is free of the stadium
issue it can focus on resolving this with renewed energy. This will be a
huge opportunity for those investors who know what is coming to the
West Harbour. (stay tuned for coming posts discussing just what
opportunities there are in the West Harbour from a zoning perspective)
Also this week - Canmet opened its doors at Innovation park. This $57
million dollar facility, 12 years in planning is the first major new
building at Mcmaster Innovation Park. It will be home to 110 Federal
employees, most of them scientists and technicians. 37 have come from
the old Canmet lab in Ottawa the rest are to be hired. At any given time
there will also be 20 visiting researchers. These are high paying jobs -
very good news for investors in Hamilton.
With the stadium,$110 million dollars is committed to be spent
renovating Ivor Wynne with plans to make it a world class sports venue
with commercial spaces. A very welcome investment in a strong
recovering, revitalizing area. This is close to the St Clair area, a great area for small multi family properties (duplex, triplex and 4 plex) with some of the cities best cash flow.
New developments like the
stadium are large catalysts for growth and appreciation. Working with a
good real estate salesperson who has street to street awareness of rents and prices
combined with knowledge of what is driving prices over the long term is
such a huge bonus to your investing career. Markets change and evolve,
the only way one can really get this perspective is if he is an
investor himself. Ask your realtor: Are you actively investing in the
area you service?
The long and difficult stadium issue has been resolved in Hamilton.
Last week Hostco, the organizing body for the Pan Am Games, approved Ivor Wynne Stadium!
What this means to Hamilton is the city can get on with important
projects that have been on the back burner since the stadium debate
hijacked much of the cities (not to mention the media's) energy.
Projects like making LRT happen in Hamilton. The city must present
LRT to the city in such a compelling way that the citizens demand it.
Not surprisingly there are some in Hamilton who oppose LRT and often
those voices are stronger and louder than the supporters.
The West Harbour rezoning (setting sail secondary plan) is expected
to be approved this year. It is still at the Ontario Municipal Board
dealing with appeals. Perhaps now that the city is free of the stadium
issue it can focus on resolving this with renewed energy. This will be a
huge opportunity for those investors who know what is coming to the
West Harbour. (stay tuned for coming posts discussing just what
opportunities there are in the West Harbour from a zoning perspective)
Also this week - Canmet opened its doors at Innovation park. This $57
million dollar facility, 12 years in planning is the first major new
building at Mcmaster Innovation Park. It will be home to 110 Federal
employees, most of them scientists and technicians. 37 have come from
the old Canmet lab in Ottawa the rest are to be hired. At any given time
there will also be 20 visiting researchers. These are high paying jobs -
very good news for investors in Hamilton.
With the stadium,$110 million dollars is committed to be spent
renovating Ivor Wynne with plans to make it a world class sports venue
with commercial spaces. A very welcome investment in a strong
recovering, revitalizing area. This is close to the St Clair area, a great area for small multi family properties (duplex, triplex and 4 plex) with some of the cities best cash flow.
New developments like the
stadium are large catalysts for growth and appreciation. Working with a
good real estate salesperson who has street to street awareness of rents and prices
combined with knowledge of what is driving prices over the long term is
such a huge bonus to your investing career. Markets change and evolve,
the only way one can really get this perspective is if he is an
investor himself. Ask your realtor: Are you actively investing in the
area you service?
