OPTIMAL METHODS OF COLLECTING COMMUNITY BENEFITS FROM DEVELOPERS WHEN HIGHER DENSITY IS GRANTED: A CASE STUDY IN THE CITY OF TORONTO
Danesh Heidari, Hossein
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The central question this report seeks to answer is: How should community benefit charges apply when higher density is granted for a parcel of land, in order to generate the maximize revenue for the municipality, in the most efficient way without discouraging higher density development where desired? The underlying assumption is that Toronto’s current method of negotiating with developers on a case-by-case basis, and without consideration of real estate economics is not generating the optimal revenue that could be generated from community benefits.