Swimming with ideas

Looks like there may be another chunk of land that will give developers that claim they love: the last waterfront development available in Vancouver.

The 40 year old aquatic centre is up for grabs, but the city does want a new one built – they’re looking for bids and ideas for a big chunk of land downtown:

News of the potential arrangement — still a long way from reality — caught many off guard Wednesday, even though it’s contained in a city information package that has been available to potential buyers since May 12.

The city has invited offers on 12 parcels of land contained within the Granville Bridge’s northeast off-ramp and loop, which will be decommissioned and removed.

The land has a total assessed value of $36.14 million and bids from potential buyers are being accepted until Aug. 15.

The city’s “invitation for innovative offers” on the site notes it wants a “renewed” Vancouver Aquatic Centre on the property, to be built by a developer and transferred back to the city for a nominal fee of $10.

Read the full article here.

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JR
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JR

Vision Vancouver are whores. I’m a second generation Vancouverite. They are systematically ruining our city. I am tired of seeing neighbourhoods decimated to make room for condos we don’t need, traffic cones every three blocks I drive, bike lanes used by a very small minority at the expense of the majority, parking meters everywhere and parking rates increasing weekly. Zoning to pander to developers at any expense. Wake up Vancouver! It does not matter what your politics or your financial circumstances are we have to vote these assholes out.

Build'em
Guest
Build'em

Once the bubble bursts the more investor condos there are, the better to crash the market. Bring on the supply!

West Coast Woman
Guest
West Coast Woman

As a third generation Vancouverite, I agree with you 100% JR.

I have no doubt that the City’s offer to buy the Arbutus Corridor is to satisfy the bike lobby, who all support Vision.

I suggest that people do more than just vote them out, however. The only way to ensure they can’t do as much damage as they plan to if they get reelected is to VOTE AGAINST THE 2014 CAPITAL PLAN. Otherwise, all of us (owners and tenants) will be paying dearly for this madness for a long, long time.

patriotz
Member

@1,3:

OK I get it now. The bike lobby is in cahoots with the developer lobby.

God even Rob Ford, who hates bicycles, hasn’t come up with this.

So who you gonna vote for? The NPA, who are 200% for the developers as opposed to Vision’s 100%? The Greens, who aren’t for the developers but are 200% for bicycles? COPE, who follow Che Guevara but don’t want to do anything to bring RE prices down?

Where is Mr. Peanut when you need him?

david
Guest
david

CP Rail wants to sell its Arbutus ROW to the City…..current market value is around $100 million…but the City is offering just $20 million.

So is City Hall admitting that west Vancouver is 5X overpriced?

I’d love to watch the reaction from Kerrisdale residents if CP announced they were planning on running even one train through there — which is perfectly their right. It’d be better than a concert.

patriotz
Member

@5: “current market value is around $100 million…”

Who is willing to pay $100 million for it? The ROW is zoned for transportation use only and cannot be developed (CoV won a court case against CPR on this about a decade ago).

“I’d love to watch the reaction from Kerrisdale residents if CP announced they were planning on running even one train through there”

Believe it or not, back when Vancouver had some character instead of just crassness, people thought the trains along Arbutus were kind of cool and a symbol of their neighbourhood. Especially when BC Hydro used to run them.

Insanity
Guest
Insanity

The plan to redevelop the Granville bridge loops has been in the works for well over 10 years now. The land is poorly used in that particular area and the City plans I have seen look pretty good. Right now you have a old rooming house about to fall down, the black top cab building, a bunch of old car shops, a self storage, a vacant restaurant building and the actual loops which little traffic uses. The loops will be replaced with regular traffic lights/intersections. If they are going to do something now is the time when we are in a bubble and they can get developers to pay for massive amenities and make a killing on selling the land that would otherwise be useless with the loops in place.

david
Guest
david

#6: Okey dokey.

chilled
Member
chilled

JR Says:
July 30th, 2014 at 10:05 pm 1

Vision Vancouver are whores. I’m a second generation Vancouverite. They are systematically ruining our city. I am tired of seeing neighbourhoods decimated to make room for condos we don’t need, traffic cones every three blocks I drive, bike lanes used by a very small minority at the expense of the majority, parking meters everywhere and parking rates increasing weekly. Zoning to pander to developers at any expense. Wake up Vancouver! It does not matter what your politics or your financial circumstances are we have to vote these assholes out.

+++++++++++++++++++++++

Do you think the alternative will be better? The man that was the head propagandist at the Vancouver Dung newspaper? I think you get my laPoint, no?

patriotz
Member

@9:

The mayor has only one vote (as in other Canadian cities). The rest of the council is just as important.

But Vancouver faces a problem compared to other Canadian cities since the whole city votes for the whole council, which makes it hard to voters to get to know councillors and to hold them accountable. Which is also why civic parties are dominant (not a good thing IMHO).

Joe Mainlander
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Joe Mainlander

Developing an underused infill site and taking out some unattractive freeway-type off ramp loops is not decimating any neighbourhoods. Developing these types of sites takes pressure off existing neighbourhoods.

The city targets 80% of the land lift in cash and/or public amenities that the developer has to provide, as #7 points out. Sounds all good.

Girlbear
Guest
Girlbear
Yunak
Guest
Yunak

No wonder why our local idiots got so excited about unisex school bathrooms and more gender sensitivity, if back in the motherland they even have clinics to cure homosexual “disease”. Josef Mengele 70 years after…

http://www.newsweek.com/chinese-man-sues-after-getting-electro-shock-therapy-cure-homosexuality-262370

Aggregator
Guest
Aggregator

lol… Genworth is $14.4 billion dollars short of breaching its insurance-in-force limit. Chart

Son of Ponzi
Guest
Son of Ponzi
patriotz
Member

@15:

Since influential condo marketer Bob Rennie delivered a speech to the Urban Development Institute in May, in which he said “sensational” stories making that link were “bordering on racism,” an array of industry figures have lined up to support his proposition.

You mean sensational stories like Mac Marketing’s fake “rich Asians” on TV? Funny I don’t remember Rennie or other RE bigwigs having much to say about that.

It’s the RE industry itself, through blatant deception like the above, or more subtle advertising (not the least from Rennie) that is promoting the stereotype of “rich Asians” being responsible for high prices.

For them to then start crying racism when this strategy achieves its desired result among the populace is the hight of hypocrisy.

Joe Mainlander
Guest
Joe Mainlander

@#15 The local Chinese-Canadians, like David Wong, are like the rest of the local population, and they, too, can be suckered into the propaganda that Van is special and the whole world wants to buy here, while ignoring the class-wide asset inflation that has occurred in all major Canadian cities in the last decade.

Being a Canadian of asian descent doesn’t mean you can’t be sucked into the spectre of being ‘priced out’ by your overseas ethnic compatriots.

Bear Vancouverite
Guest
Bear Vancouverite
@Yunak #13: >No wonder why our local idiots got so excited about unisex >school bathrooms and more gender sensitivity, if back in >the motherland they even have clinics to cure homosexual >“disease” Electric Shock for homosexual conversion therapy is nothing new and is available even in North America. While electric shock is probably not an acceptable or recommended practice for conversion therapy, this quote from the “Conversion Therapy” wikipedia page might be enlightening as to who cares the most about “converting” homosexuals: “The highest-profile contemporary advocates of conversion therapy tend to be fundamentalist Christian groups and other right-wing religious organizations”. http://en.wikipedia.org/wiki/Conversion_therapy I was first alerted to this ridiculous “therapy” when William Shatner’s “Boston Legal” show featured a case on the topic in one of its episodes several years ago where an American was suing someone regarding that exact therapy not… Read more »
VanRant
Member
VanRant

@ Aggregator 14

CMHC is sooo close to the 600 billion limit and Genworth is days away from their $350 billion limit. Wonder if joe O and the conservative government will delay the crash by increasing the limit and let the next sucker to deal with it.

George
Guest
George

From CBC:

“Xiao Ju (Tony) Guan, a Richmond, B.C., man has been charged in the United States with smuggling more than half a million dollars’ worth of rhinoceros horns, elephant ivory and coral from the U.S. into Canada…

In the United States, Guan is accused of buying the artifacts online through auction houses and galleries located in New York, Ohio, Florida, Iowa and California.

He then allegedly shipped the packages to Point Roberts, Wash. He is also accused of using false shipping labels and falsifying customs declarations forms to conceal the true contents and value of the packages…

Guan is charged in the U.S. with attempted smuggling, falsifying wildlife records and conspiracy. If convicted he could face up to 10 years in prison.

None of the allegations above have been proven in court.”

http://www.cbc.ca/news/canada/british-columbia/ivory-trafficking-charges-laid-in-u-s-against-richmond-antique-dealer-1.2723877

George
Guest
George

That Globe and Mail article is awesome! The politically correct are not going to be able to get away with dismissing criticism of foreign investment as racism much longer. Best line in the article: ““Let’s leave it to the rich white dudes to decide what’s racist, right?”

paulb
Member

New Listings 187
Price Changes 104
Sold Listings 138
TI:16769

http://www.paulboenisch.com

George
Guest
George

I just read through the comments on that G&M article. Wow! I don’t give the public nearly enough credit. People actually understand that HAM is a serious problem and it’s not racist to discuss. The comments are overwhelmingly critical of HAM and the politically correct developer friendly spin of our politicians. I had no idea so many people awake!

No Noise
Guest
No Noise

The highest property values @ 11x locals earnings in Canada’s (indeed the world’s) history and yet the BC government tells us there’s not enough tax dollars for education, healthcare, infrastructure (earthquake coming, lookout Richmond). So what’s wrong with this picture? Why are property values so high, and tax revenue so low? Everyone, except rich foreigners, are mortgage/debt maxed out so can’t consume, combined with the lack of proper foreign investment taxation which has been put in place in Singapore, Hong Kong, Australia, England. In Vancouver we’re racist if we even talk about it! Tax foreign investors parking illicit funds already!!! I want my kids to return to school this year. We need a change in BC government.

fitzrovia
Guest
fitzrovia

Two days later, University of British Columbia professor Tsur Somerville – whose Centre for Urban Economics and Real Estate is sponsored by developers Grosvenor and Henderson Development, as well as the Commercial Real Estate Development Association – told CKNW Radio that although ignoring the issue would be “foolish,” the debate risked descending into “prejudice, stereotypes and racism.”

Why do they even listen to Tsur when his institute that is supported by developers. It’s like asking a scientist supported by the tobacco industry if smoking is bad for people!

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