Anyway, City CFO Stephen Conforti is giving a presentation on the current item, a deal between the City and the Province for $1.5 billion (from a federal-provincial funding agreement) to fund development so the City can charge developers less.
Developers are (unsurprisingly) strongly against development charges, meant to fund the new infrastructure the City has to build to service new developments, arguing it prevents new stuff from being built. However, the City, like, needs to pay for that infrastructure somehow. Over the years the Province has basically slashed how much the City can get in development charges and what they can be used for. This deal kind of kicks the can down the road.
(What do developers/the Province want the City to do? Have less infrastructure, basically.)






