City of Ottawa selling air-rights for Art's Court (60-70 Waller)

So today I was having this conversation with one of my neighbours...about the plans the City has to develop the corner of Waller and Daly. They couldn't understand how the city is selling the air rights to a builder in order to finance the project.

I learned this a few years ago when an investor in the US built a retirement building and bought all the air rights surrounding the building in order to make sure that the views were never obstructed! Pretty neat eh!?

Read more on the Arts Court project here:

http://www.ottawasun.com/2013/07/16/planning-committee-gets-earful-on-traffic-approves-arts-court-plan

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