Budget Chief Shelley Carroll highlighted that the fair market value clause in the Toronto District School Board's land sale process often disrupts deals that could benefit the public. This clause can inflate prices to unaffordable levels, obstructing leveraging public land for social good projects.
Mayor Olivia Chow emphasized the need to repurpose surplus school land for housing to address the city's affordability crisis. Instead of selling land at market value, she advocates for making it available at lower prices for essential community developments like housing, centers, and public spaces.
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