IB次元官网网址檓 responding to Mark HarrisB次元官网网址檚 letter responding in turn to Sasha IzardB次元官网网址檚 letter of a week or so prior.
Mr. Harris sets out what he takes to be the costs that developers incur in new construction, and he argues that those costs justify developers being given a break on the public amenities contribution.
What he does not account for is developer profits, the return to investors. I say the amenities contribution should not have been reduced. If a developer canB次元官网网址檛 make a profit in the present market, then that developer should be allowed to fail.
Saanich should not be bankrolling private developers.
In any event, private developers donB次元官网网址檛 build low-cost housing. ThatB次元官网网址檚 the role of government.
Jerry Donaldson
Saanich
