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Brandon Donnelly — Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly. — Page 322

The laneway love continues

  • Alley
  • Alley-retail
  • Blair-scorgie

The momentum around wanting mixed-use laneways in Toronto continues, or the algorithms just know what gets me going. Either way, I continue to be both impressed and surprised by the number of "hidden" laneway-based businesses that exist in this city and that keep surfacing online.

Here are some further examples:

https://twitter.com/BlairScorgie/status/1734948988053307702?s=20

https://twitter.com/lloydalter/status/1734986678635294793?s=20

I honestly think that someone should create a directory/mapping of these businesses. If anyone wants to do this or help do this, I own lanewaylove.com and I’ve been reserving it for projects just like this.

I also think that this has the potential to become a hallmark of Toronto urbanism. It’s already somewhat endemic, it would seem. So imagine what will happen once we actually allow and encourage these uses to their fullest extent. Yes, once.

If you know of any other laneway-based businesses, whether here in Toronto or in your city, please share them in the comment section below.

Snowboarders are annoying

  • Alta
  • Deer-valley
  • Extell-development-company

There are three resorts in the United States that do not allow snowboarding. They are: Deer Valley and Alta in Utah, and Mad River Glen in Vermont. New York-based Extell is also developing a new resort next to Deer Valley that was previously known as the Mayflower Resort . For a while, it was up in the air whether they would allow snowboarders, but this past summer it was announced that it will become part of Deer Valley and that their snowboarding ban will remain firmly in place.

As a snowboarder, I'm not overly fussed by this. There are, of course, lots of other places that will welcome my kind. But I do think it's both interesting and worth poking fun at. It speaks to the tribal-like nature of humans. I get down the mountain on this device and you get down the mountain on that device. So we are fundamentally different humans. And I do not want to associate with you. At the same time, I do respect the ability for private resorts to make their own decisions. And this seems to be what their paying customers want.

But what about if the resort happens to be on public land? Does that make things any different? Deer Valley sits on land that is privately owned; whereas Alta sits on land that is owned by the National Forest Service. Which is why in 2014, a bunch of cantankerous snowboarders sued the resort , claiming that its ski-only policy violated the 14th Amendment to the Constitution. I'm not a lawyer, but I am told that this is typically used in cases involving discrimination.

Alta ultimately won the case. They argued that even though the land they sit on is public, their lifts are still private. And so they get to decide who uses them. I guess that's fair. But at the same time, this technically means that snowboarders are allowed on the mountain, they just can't use any of the lifts. I tried to confirm this fact with Alta on X the other day, but they have yet to respond.

https://twitter.com/donnelly_b/status/1734076962707030355?s=20

In any event, my prediction is this.

Snowboarding is a relatively young sport. It grew massively in popularity during the 1990s (which is when I switched over from skiing), and so its participants tend to skew younger (my assumption). This is probably why fancy resorts like Deer Valley don't feel the need to cater to them. However, young people tend to both grow up and, you know, make more money. And so at some point -- when there's a real business imperative -- we may find that people suddenly change their minds.

If you're trying desperately to sell luxury condominiums at the base of a resort and if snowboarders keep showing up at your sales office, for how long will you continue to say no to their money?

Cover image for Cul-de-sacs and Dutch auctions

Cul-de-sacs and Dutch auctions

  • American-folk-art
  • Art
  • Crypto

I am, of course, more grid than cul-de-sac, but here is an interesting NFT art project that is launching on December 12, 2023 at 1PM EST. It's called Cul-de-Sacs:

“Cul-de-Sacs” explores the banality of suburban sprawl through the anachronistic stylization of American folk art. The algorithm generates flattened representations of suburbia at range of scales, interspersed with the remnants of rural life.

The starting price is 0.2 ETH and the resting price is 0.05 ETH. What this ultimately means is that these NFTs are being offered by way of a Dutch action.

Dutch auctions are a price discovery mechanism. They start with a high asking price and then gradually lower it until a price is reached where the quantity demanded equals all of the available supply.

In other words, it's a way to determine what the market thinks a particular thing is worth. In this case, though, the resting price is 0.05 ETH. Meaning there's a floor.

If lots of people are willing to pay 0.2 ETH for this art, it could sell out right away and that will prove to be the market price.

But if few people want to buy it, then the price will gradually fall to 0.05 ETH, and that is where it will hang out until all of the available supply is absorbed. If/when that happens.

Another important feature of this auction process is that if you buy early, and the price subsequently drops, you get a refund equal to the difference between what you paid and the final achieved price (thought to be the market price).

So there is zero incentive to wait for a possible price decline; everyone ends up paying the same price no matter what. You're encouraged to bid aggressively.

And because all of this is now happening on a blockchain and enshrined in code, you can be confident that this is exactly how the process will work and that you'll get any refunds that you deserve.

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Daily insights for city builders. Published since 2013 by Toronto-based real estate developer Brandon Donnelly.