How much did it cost the City of Fredericton to tear down that old strip club? They sold the land for $100,000 less than they paid for it, plus they paid to tear down the building. You would think at that price, they would be able to force the buyer to build a nice, high-quality building.
What will we get instead? A squat (presumably) wood-framed building with “horizontal siding” (probably vinyl). Another typical cheapo Fredericton apartment building (will the rent also be cheap? Doubt it.)
Don’t get me wrong, the developers should be free to build as cheaply as they like, but when they get an indirect subsidy from the city, the bar needs to be set higher.
More details about the site are available here at yourfred.com