Originally Posted by SP59
Also from the article:
"The numbers don't surprise Glenn Miller, vice-president of education and research at the Canadian Urban Institute, a not-for-profit organization that has been tracking the outward expansion of Canadian cities. It has watched businesses move out of cities' downtown financial cores and into the suburbs; a report it released last April showed only 20 per cent of the Toronto region's office jobs are in Toronto's core, compared to 63 per cent three decades ago.
Most of these companies have moved out to the so-called "905" region of Ontario to places such as Mississauga, Brampton and Vaughan, suggesting a need for expanded transit systems so those who have moved out to the suburbs don't need to drive to work."
Not sure why there is a suggested need for the extra transit systems when both the employee and the employer have moved out to the suburbs.
bolo, where are you getting those 'true costs'?
While the numbers are just estimates, I think Bolo hits it on the nose - suburbs are essentially subsidized by the city - the land is offered to the developer at a reduced rate, so they can profit. The city has to cover infrastructure costs for the neighborhood in perpituity now. The city will make a short term gain in tax dollars from the new neighborhood, but eventually upgrades and maintenance will come out of the city's budget - most likely from other neighborhoods - remember that DT produces 10% of Edmonton's overall tax revenue.
At the end of the day, a greater amount of money will have to be reinvested into the community. This money will come out of other areas. Additionally, the carbon footprint of these neighborhoods is generally higher too, in terms of relation to density.