The young agency tasked with making money from surplus city land will soon provide a dividend of more than $10 million to the public purse.
The reaction from Mayor Rob Ford’s administration: Thank you. Faster please.
Build Toronto has been given control of 40 properties that are worth more than $200 million. Real estate heavyweight Lorne Braithwaite, the chief executive of the city-owned corporation, would like council to quickly hand over enough additional properties to double that value figure — and Councillor Doug Ford, Build’s vice-chair, would like to triple it, Braithwaite said with a chuckle in an interview.
The reaction from Mayor Rob Ford’s administration: Thank you. Faster please.
Build Toronto has been given control of 40 properties that are worth more than $200 million. Real estate heavyweight Lorne Braithwaite, the chief executive of the city-owned corporation, would like council to quickly hand over enough additional properties to double that value figure — and Councillor Doug Ford, Build’s vice-chair, would like to triple it, Braithwaite said with a chuckle in an interview.