people who have followed my career will already know, I like real
estate projects that not only create private value but pay public
dividends as well.
Developers realize that municipalities and community groups are going
to demand additions to the public room and public benefits before
approving real estate projects these days.
It’s not unique to real estate though—nations have been known to
leverage public property like radio spectrum in return for, say, greater
Canadian content—but it’s more regularized, in fact, baked into the
process of real estate approvals.
But what if providing public benefits could also boost private returns. That would be useful, right?
Let me tell you a story.
When I was a young person, I lived with my girlfriend in a 1-bedroom
“garden suite” or “granny flat” at 1011 and ½ Seabright avenue in Santa
Cruz, California. My girlfriend was attending UCSC and I was visiting
her. The tiny home impressed me.
Read more at, https://www.spirepoint.ca/how-to-use-garden-suites-to-add-value-to-your-home-and-community/
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