revitalization

Dave Thompson pocketed a cool $1.75 million a couple of days after the Ontario government released details about its greenbelt and Thompson learned that his land sat just outside its borders. Four years from now, he’ll receive the balance – another $1.75 million earned from the sale of his 40-hectare dairy farm in Caledon, a rural area northwest of Toronto. Thompson’s grandfather, father and his brother once tilled this fertile soil, but it’s hard to fault Thompson for accepting the $86,000 per hectare ($35,000 per acre) paid by the developer. Who wouldn’t?