2e. Why doesn’t OBUC subdivide and sell the lots for single family homes and invest the profits?
This approach is significantly less viable, difficult financially and riskier as market units increase parking requirements (costs) and traffic volumes – an issue for our near neighbours. Because church parking is still required, the cost of providing it in this approach would significantly erode or eliminate revenue. Further, this option does not support the growing need for affordable housing in our community.
Previous land sales by the church have not been successful in providing a sustainable solution.