The haunting words of right wing Republicans in the United States reverb around knowing skulls.
Here is the story from the much maligned CTV Website. Why is CTV News maligned? Well have you ever watched it? Its more pablum than problem.
Anyway they were first up on the news anyway.
Design unveiled for Yonge-Bloor skyscraper
toronto.ctv.ca
A Kazakhstan company unveiled plans today for an 80-storey tower that will change the landscape of the Yonge and Bloor streets intersection.
The $450 million structure by Bazis International will house 500 luxury condominiums, high-end retail stores and a five-star hotel.
The sleek building will be Toronto's tallest residential-commercial building and the tallest condominium structure in Canada.
The company's president, Michael Gold, said the tower will be "so bold, so striking" that it will become an "instant icon."
The tower will go up at the intersection's southeast corner, which is currently occupied by a Harvey's restaurant and a billboard.
Demolition of the old structure is expected to being this year.
The new tower, to be named 1 Bloor, is expected to open in 2011.
See what I mean. Pablum. They are for it.
Problem. Central questions aren't asked. The North American Auto Industry is loosing 10,000 jobs this week. Money is leaving Toronto for Calgary where the white rich people are. Question one. Where are the multimillion dollar tenants coming from?
The Trump Towers announced headed up by one of his un "fired" Apprentices two years ago originally scheduled for completion this fall... Is still a parking lot.
The company that owns 1 King east the highly publicized skinniest building or condo in the country is basically still half empty and well the company is in "receivership." So poor is it, that I haven't even seen pigeons living near it.
Some sort of towers got muscled in south of Eglinton, which is a consortium led by Tridel. This project was heavily opposed by other residents in the neighborhood who constantly pointed out that this area used to be a swamp. Nonsense said the developer and they started anyway only to find out that it wasn't a swamp but a full blown underground stream running there. According to original rumors or promises it is about a year behind and overbudget because they are trying to shore up the foundations.
The other condo project was a total glass lined fancy building called "The Spire." It is about thirty stories of glass. With an eye to saving the environment this glass lined monster will not only contribute to global warming they will most certainly heat up the planet all by themselves.
A glass building works for a building in Charlotte or Atlanta but in Toronto? The Spire will not help the Canadian Kyoto commitment. And it will cost new tenants. It is almost complete and as ugly as you can get.
Condos climb around the Rogers Center. And apart from the placement blocking the sightlines to Lake Ontario they are as ugly as the post at a vision obstacle seat in a music concert. Then some people complain about the Gardiner Expressway. Well you could five years ago but now no problem, no one can see it anymore. There is a phenomenally high vacancy rate in these new towers.
Now onto Bloor. The politicians love it. It is a monument to their stupidity. While the revenue generating base deserts this country, they love this project of future ugliness and future slum as a feather in their cap.
It seems that no one has clued in. Every single major residential project ever launched in Toronto eventually became a miserable failure all the way from Jamestown, Regent Park et al.
Back to this project. What a lot of people do not realize is that this particular project is right on top of the subway. It won' t be to the left. It won't be too the right. It will be right on top of it and on top of the south end of the Yonge line part of the station.
Now no one has explained to me how this project will manage to work around the fact that most of its foundations are going to be into the tunnel. This building is 80 stories high. It will require deep foundations that will impinge on the running of the vital NS transit corridor.
From the Star. An opinion.
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Now it seems that this guy didn't ask the obvious transit question. Or how this monster will interact with the tunnels and future structure of the Subways. Of course this may be just another promise building. Signs are that there is a substantial cooling of the condo demand in Toronto. Its all a hustle.
1 comment:
Great post. The world is awash in cash and people need to put it somewhere - why not at Y&B.
The problems with both the Trump and Stinson deals are the proponents and the financial structure (essentially condos).
I support the deal - the best place in the city for very high density with the subway lines.
Of course, if Miller and his leftwign hoodlums had any onions they'd build more subways and let projects be built elsewhere.
Thanks for this.
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