Picture credit - blackbodypie's flickr
Renewing the city’s aging stock of apartment towers could be “the Cinderella story of Toronto’s 21st century” possibly worth $95 billion by 2030 and create 838,000 jobs, says a report written by a panel of experts - the Daily Commercial News in this story
He says that while the core structures of flying-form concrete could last hundreds of years, it is the exteriors that are failing.
It’s estimated that about 1,000 high-rise buildings across Toronto have units that are about 20 per cent less energy efficient than the average single family home. The renewal plan could reduce those energy costs by 50 per cent.
see link above for the DCN full story and click over to the City of Toronto's BIG Huge SITE on all of this.
You can download a copy of the report the mayor had his staff do - overview report here [opens in new window as PDF file]
We will be doing a recap of this report in the next few days on the blog.
Posted by Robert
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