Facilitating a Prosperous Downtown London
The Q.V. on the Park will bring a host of benefits to the London community to ensure growth and prosperity for the future.
- Tax Revenue: Auburn Developments’ proposal will generate $1m in property tax revenue to help fund vital city projects and services. This new revenue will aid in the costs of the projected tax increase and project based funding in the next two decades.
- Jobs: Approximately, hundreds of construction jobs will be created over two years. Additionally, approximately 20-25 full and part-time jobs will be created by the café space. Overall, the project as a whole will bring hundreds of new jobs to the City of London.
- New Housing Variety: Adding variety to the existing housing stock is key to attracting and retaining a talented workforce. Without convenient housing, those looking to move to the area may decide to locate elsewhere, causing businesses to follow. To promote growth, a condominium will help to attract the next generation of homebuyers to London.
- Expanding Customer Base for Businesses: With an estimated 280 to 325 residents, The Q.V. on the Park represents a large new customer base for businesses in the surrounding area to attract. Further more, a downtown condominium will attract a cliental that wants to be able to enjoy a downtown lifestyle providing quick and easy access to Richmond Row’s amenities.
- Promotes Walkable Communities: The Q.V. on the Park offers many opportunities for car-free living. With on-site parking, bicycle storage, transit, many recreational and cultural amenities nearby, this proposal promotes a vibrant lifestyle where residents are easily able to walk to all amenities the core of London has to offer without the known hassle of finding parking.
