A master plan allows several property owners to collectively work with the City on a medium- to long-term plan for the development of several contiguous parcels of land so that the end result resembles one single project.
The final development can benefit from:
- Better circulation of traffic and pedestrians
- Commercial services that are convenient to residential uses
- A sense of community achieved throughout the area included in the plan
The plan can allow for an equitable distribution of development costs and take advantage of economies of scale.