One disadvantage of living there is that the land doesn’t belong to you.
Too bad for long-time residents – the value of the lot their home sits on has risen exponentially over the years, but they’ll never see any of the huge windfall profits.
It looks like a local politician’s dream of evicting the residents and turning his developer friends loose is on hold for now.
I’ve heard that one reason the deal fell through was because of the dubious nature of the soil – in the past there was a lot of heavy industry in the area, not to mention the numerous gas stations and garages that Bells Corners was famous for. The Petrocan leak that contaminated the soil under the Vox was the most famous spill, but there have been many others.
Individual Bellwood residents can be devastated by their own private mini-spills. Most of the units have oil tanks that have been around forever.
If one has leaked in the past or springs a leak now the consequences are severe.
Environmentally it’s a disaster – the toxins can contaminate our water table. The fumes from living on top of a spill can be hazardous to your health.
So when a borehole test shows contaminated soil under a unit, the homeowner is forced to take some very expensive action.
First the unit has to be moved elsewhere and put on blocks, not an easy or inexpensive task in itself.
Then the heavy equipment has to dig up and remove the nasty soil. It’s complicated by the utility lines that have to be removed and replaced. Then adjacent lots have to be tested to make sure that they’re not contaminated.
Finally the unit is returned to its original location and the owner is forced to install a new propane furnace.
So it’s a lot of inconvenience and expense. Pity the poor resident who doesn’t have a very good insurance policy!