Parkland Dedication Fees Capped by Ontario Municipal Board
The OMB ruling imposes a cap on how much the town can charge on new development: 25 per cent of the land being developed, or its value in cash.
“No matter how many units there are on the site, they are going to pay the same amount,” said Bassios. “The cap removes any relationship between a density increase and the parkland that they owe,”With an appeal to the to the divisional court likely, this is a case we will be watching closely. For the full Toronto Star article click here.