A controversial affordable housing project in Fredericton has been scrapped after the costs for environmental studies became too high for the non-profit developer.
In November, Fredericton city council approved Fredericton Non-Profit Housing Corp.’s plan to convert a building on Dundonald Street into a six-unit apartment complex.
Residents along Dundonald Street had argued the building was only zoned for a two-unit complex and that the conversion would bring more traffic to the neighbourhood and destroy its family ambience.
Developer Eldon Toner told CBC News he decided to back out of creating the affordable housing when he learned he’d have to pay more than $30,000 for environmental studies on the site.
“We did a phase one and then a phase two and the phase two was to recommend a phase three environmental study on it and we decided at that time not to because of the cost and the money we had already invested,” Toner said.
The environmental report is required because the building used to be used as a commercial site.