What a shock! Tocondo siding with developers? How rare...
After 13 years, Allan Austin and his wife Valeria Murial will lose their Beverley St. rental home to development, despite a city provision that it be replaced.
The couple’s row house is one of six rental units on the east side of the street, north of Queen St. W., which are to be demolished to make way for an 11-storey condominium.
Faced with a dwindling supply of rental properties, under the official plan the city usually requires developers to build apartments in a condo building to replace those that were lost, and to allow the former tenants to pay rents there comparable to what they had paid before.
But in a deal brokered by Ward 20 Councillor Adam Vaughan, the developer, BSäR Group of Companies, is paying the city nearly $800,000 instead of replacing the rentals, which means Austin and his wife won’t be allowed to move back in.
The agreement has outraged some tenants, who feel their interests have been ignored.
Read more here.
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