And it was suggested on the TA Facebook page. And it is NOT tenant co-ownership of this property with Brookfield, which, as I have already stated, is never going to happen according to people in the know.
The suggestion came from Pete Harrison on May 14:
"I got my masters degree in Urban Planning with a focus on housing issues
inspired largely by my experience living in Stuytown for the last 5
years. For what it's worth, I think the TA needs to at least explore
alternative options to an acquisition. I would strongly suggest (and
I'd be happy to assist) looking into the feasibility of converting the
property into a community land trust. This type of solution has been
creating and sustaining affordable housing successfully in a number of
large cases (see follow up link below). It's never been done on this
scale, but the political environment might just be aligned to seriously
consider this option."
Mr. Harrison provided a link to a Wikipedia article on community land trust:
In a follow-up, Harrison continued:
are badass, but there are significant economic and even cultural
barriers to making a workable model here, certainly. Political will [...] is the potential gamechanger right here, right now. I think the broader point
to consider is this: Do we accept the premise that STPCV is, in fact, a
commodity, and try to play that game. Or do we reject that premise
altogether and say that No, housing is not a commodity - that the
property is not an ATM machine as Dan has also said - it's a right. The
market, which has a vital role to play in this, make no mistake, should
therefore be constructed around that value statement first. I think if
you accept the latter, you'd be surprised by how many viable, economical
models like CTLs are on the table."
So that's it. If the politicians can walk the talk, and not just keep on bullshitting us, then this is doable. The government has to get involved, because that is the only thing that can trump the Real Estate big-shots and their power-plays.
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