Red used to be owned by IBM/Celestica and was sold and was developed for housing as it's perfectly situated on the Eglinton LRT line and will also be on the Ontario line. The land was re-zoned from commercial to residential. There is also a small piece of land that's included and it's not shown in your diagram and it's on the south side of Eglinton.
Approx 5000 desperately needed units are in the process of being built. They can build almost twice as many on the OSC land.
In other words, utilizing land within the city to build housing in an effort to deal with the housing crisis.
The Celestica property was for sale and many potential buyers were in line. Condrain won the deal and purchased it for residential development.
There are not many developers in Canada that take on such large project and investments.
The city owns the land. The province has a 99 year lease on the structure.
Move the science centre elsewhere, there's empty land for the city to re-zone into residential land to build housing on.
You know...to fix that little thing called "the housing crisis".
Or
Toronto can stare at a vacant lot and stop complaining about the housing crisis and blaming the province for their own incompetence.
Fair?
1) It took you a while after your first quoted post to google who owns the OSC property/lands/surrounding lands and who leases from whom.
2) Your initial guttural instinct was to believe Doug owns everything, thus he can do anything he wants to as the puppet of his developer puppet masters who purchased the Celestica site.
3) Your guttural instincts when challenged prompted your google panic search.
4) During your panic search you were dumbfounded by the fact that your favorite Drug is not a landlord baron but a peasant lesee on a 99 lease/leash to the true owners of the property and land. And, frickin hell no, Mr. Panic Search Boy the City of Toronto alone does not the land. The City of Toronto AND the TRCA both own the land.
5) When you referenced the 60 plus acre Celetica site development you also stated that "they can also build twice as many on the OSC land.
6) "They" referencing your favorite peasant lessee's puppet masters, the De Gasperis family, purchasing the land from your favorite peasant lessee's cum imaginary OSC land baron to build twice as many residential units.
7) As any can see, the actual buildable parts of the OSC lands is surrounded by unbuildable TRCA ravine lands and is just a fraction of the Celestica lands so your "they can build twice as many on the OSC land" laughable imaginary farted out straight out of your arse is a frickin joke.
8) You know jack s**t, as usual.