VSB seeks input on Kingsgate Mall

Did you know that the Vancouver School Board owns the land under Kingsgate Mall?

Well now you do.

The VSB is seeking ideas on what to do with this asset due to current budget shortfalls.

Surprisingly, the modest little mall has also been generating big money for the Vancouver School Board — upwards of $750,000 per year, The VSB has owned the East Broadway and Kingsway lot on which the mall sits since 1892 when the long-gone False Creek School first opened on the site.

But 124 years later and facing a $24 million budget shortfall, the VSB is now contemplating its future with Kingsgate, and asking for public input.

“One of the questions we’re asking is what do you think the school board should do with it,” said VSB chairman Mike Lombardi.

According to Lombardi, the VSB could see revenue from the property increase to $2 million annually — money which flows directly into the operations budget, offsetting the deficit. The lease with mall operator, Beedie Development Group is set to be renegotiated next year.

Selling the land is also a possibility, although money raised from a sale won’t help the budget shortfall because it would be restricted to capital projects like new school construction and building upgrades.

Read the full article over at the CBC.

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gggg
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gggg
space889
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space889

Wow…so basically tax dodging is ok with CBC…

gggg
Guest
gggg

Miami’s Luxury Condo Boom Could Be Doomed by Data Leak Showing Mass Corruption

And lo and behold, a good portion of that corruption leads straight back to Miami. More specific, as the Miami Herald spelled out this morning, the files point to Miami’s booming luxury real-estate market as a worldwide laundromat where corrupt officials have been cleansing dirty money through secretly purchased condos.

http://www.miaminewtimes.com/news/miamis-luxury-condo-boom-could-be-doomed-by-data-leak-showing-mass-corruption-8365964

space889
Member
space889

Didn’t the free world also fought against Germany, Japan & Italy just a decade earlier? I guess if the fight was pre-1950, it’s ok. But if the fight was post 1950, then oh NO…they are the ENEMY to free world FOREVER! Unless they get smart and became our bitch?

Given that it’s been the US that’s been invading countries left & right in the last 50 years, while China doesn’t even have a true blue water navy, seems to be a stretch to say China is the enemy of free world.

btw, believing in freedom also means you have to tolerate people who either don’t think like you, or simply don’t like you.

Combat roach
Guest
Combat roach

Who do you work for? You must be hefty paid to consistently propagate your shit on this forum non-stop. Amateurs usually don’t care, give up or just leave but with you, there must be a plot…

Bestplaceonearth
Guest
Bestplaceonearth

What about you? Why do you care so much about what he said? It is a forum, he is free to say anything.

Combat roach
Guest
Combat roach

Wow, here comes brother in arms or better said a “comrade” in rescue, and while here to scolds on freedom and democracy a bit…

Bestplaceonearth
Guest
Bestplaceonearth

Don’t be sourgrape all the time. Why don’t you go join the crowd 420 at sunset Beach, make some friends, you feel better.

space889
Member
space889

Basically I believe in the freedom of expressing the same views as my views. If you have different views then you are a fing freedom hating scumbag locust?

Diadora
Guest
Diadora

The biggest mass murder in history by far is Mao who founded the Chinese communist party. There were more than 80 millions that parished under his leadership, more than Hilter or Stalin. To hear that they celebrate his birthday is Richmond made me mad as we do not celebrate Hilters birthday in the free world.

space889
Member
space889
Right, it’s totally his fault too that there were huge natural disasters, got fed bad science by Soviet advisors who were supposed to be scientific experts in agriculture, and people at various all falsifying reports. It is all his own personal fault. Just one person’s fault. Nobody is saying he is a saint, not even in China, not even among a lot of communist party members. My & my wife’s parents hate him. People blame him for the lost generation in the 60s that pretty much set China back by 20 years. But the difference is, China give credit where credit is due, and blame where blame is due, and realize that world is not black & white. He did some good things and some horrible things. Things are better in China compared to the 60s/70s, and most decides to… Read more »
Best place on meth
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Best place on meth

VSB should keep the land and raise the rents next year, otherwise some scumbag like Julia Lau will get their hands on it and turn it over to a consortium of locusts.

Combat roach
Guest
Combat roach

It depends at what time next year? Some if not most of them might not be even here any longer, depending on actual disinsection plan and implementation.

space889
Member
space889

Wow…you mean people like Julia Lau can force VSB to sell its own property against its will??

bullwhip29
Guest
bullwhip29

she’ll just be the one brokering the deal and making sure certain interested parties are sufficiently lubricated. i guarentee you that this property will change hands more than once and certainly at much higher valuation than what the vsb will sell it for (come on, they’re completely out of their league here and havent got a clue what’s going on). besides the cynic in me says this whole charade about seeking public input is nothing more than a formality.

space889
Member
space889

So then it’s not really a corrupt Chinese scumbags issue, is it as BPOM makes it out to be.

Runawayscreaming
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Runawayscreaming
“I Spent 18 Hours in Vancouver’s Super Weird Kingsgate Mall” By Lonnie Nadler http://www.vice.com/en_ca/read/i-spent-18-hours-in-vancouvers-incredibly-weird-kingsgate-mall I shopped in the Kingsgate Mall when I lived in that neighborhood. Something was always happening. One day two men with swords ran into traffic on Broadway in front of the Kingsgate Mall fully-engaged in an actual sword fight (with real swords – one of the men was bleeding profusely). I was told by one of the clerks at the Kingsgate Mall grocery store, Stale Foods, that late at night in the Mall one could hear the screams of children that had been murdered and I believe it. Years ago one of the Mall security guards was murdered. It was a tough neighborhood with lots of character and a little too close to the Downtown Eastside. Now the Kingsgate Mall is surrounded by yuppie condos and… Read more »
Combat roach
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Combat roach

Killings and lots of ghosts, foreign investors will love it. Perhaps it has good feng shui?

paulb
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Active Member

New
286
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TI:8611

http://www.paulboenisch.com

Zero Down Forty
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Zero Down Forty

Landowner:
1. Retain ownership of land through the rezoning process, hiring relevant consultant team, and push for high rise towers with retail/commercial base to maximize the value of the land.
3. Partner with or sell residential portion to developer. Retain ownership of commercial/retail base to continue income stream.

Nimby:
1. Community Garden and Park.

MLS watch
Guest
MLS watch
Zhang could not shed light on reasons for the repeated false claims made in Canadian bank documentation. She was asked why she claimed Canada as her residence when opening a BMO account. “I don’t remember. Perhaps at the time the bank clerk suggested that to put the Canada down,” Zhang answered. Park Royal BMO management did not respond to questions from The Province on this story. Zhang was also asked by a BCSC investigator why she claimed her realtor’s Burnaby address as her own. “I really don’t know. What kind of address is that?” she responded. In an absurd exchange, Zhang could not tell a BCSC investigator the source of the $470,000 that was deposited into her account Dec. 30, 2014. “Where was that money coming from?” she was asked. “I don’t know.” “It’s your account, how is it that… Read more »
space889
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space889

Are yet she can’t be deported back to China over “human rights concerns”, nor will she or her accomplices do any actual real jail time. This is Canadian justice system. And you wonder why smart criminals are moving here.

Nom Nom Nom
Guest
Nom Nom Nom

So you finally admit that there are a tonne of Chinese crooks here fucking this place up? Thanks, I knew you’d come around

sox
Guest
sox

Crooks, tax cheats, cronies and a culture of corruption.

MLS watch
Guest
MLS watch

At least, THEY have data…
The laundering of illicit funds through real estate is an established money laundering method in Australia.
» As an established money laundering channel, criminals are likely to continue to launder money through real
estate.
» Money laundering through real estate may be identified where transactions intersect with the regulated AML/CTF sector.

https://www.innanrikisraduneyti.is/media/peningathvaetti/MoneyLaunderingThroughRealEstate.pdf

Loon
Guest
Loon

BC home sales, prices will continue to rise: report
http://www.news1130.com/2016/04/19/bc-home-sales-prices/

“Red-hot housing demand in Metro Vancouver and an up cycle on Vancouver Island will continue to underpin provincial housing momentum,” says senior economist Bryan Yu.

He expects home sales and prices will continue to rise through 2018.

Report link:
https://www.scribd.com/doc/309715383/Economic-Analysis-of-British-Columbia

Combat roach
Guest
Combat roach

Motherfucker knows how much money coming down through the pipe to get cleaned.

Madashell
Guest
Madashell

In other words…..Locust swarms and destroy much of Asia including Hong Kong and Singapore and now they have their sights on North America. Heaven help us.

Potty
Guest
Potty
Best place on meth
Guest
Best place on meth

This would have to be done at the federal level as Krusty will do her utmost to protect her fellow crooks.

Ulsterman
Member

If only these young Vancouverites hadn’t selfishly chosen to be born too late….It’s an article about young Londoners, but the parallels to Vancouver are clear.

Rootless and ruled by the landlord class – the future for young adults

bullwhip29
Guest
bullwhip29

seeking public input, my ass…

i betcha plans are fully underway and those involved will look for the most opportune moment to whistle this sale through (presumably with as little fanfare as possible) at a lowball price to someone high up on the food chain who will in turn double or triple their investment before they even break ground. this attempt at some sort of a dialogue is just a formality imho.

space889
Member
space889

I wouldn’t be surprise and it is another sad day for Vancouver & its families, kids, and taxpayers. But hey, it’s all Chinese locusts fault right? Let’s just blame those evil foreign shadowy Chinese! They are all corrupt!! It’s all their fault! Never mind they aren’t actually in charge of any of this, and all these will only benefit the local established scums under such nice sound guises like public consultation, etc. The political system here is rotten to the core and there is no attempts to fix or even recognize there is a problem.

At least in China, people actually thinks gov’t are corrupt and needs clean up. Here, it’s all Pollyanna about how great and ethical our political system is.

southseacompany
Member
southseacompany

“Canadians going deeper into debt of particular concern if rates rise”, Yahoo Finance Canada

https://ca.finance.yahoo.com/blogs/insight/canadians-going-deeper-into-debt-of-particular-150343199.html

“The Bank of Canada, which monitors household “vulnerabilities” related to debt levels, said again last week that these vulnerabilities “edged higher,” a sign that debt levels are increasing. Amid low interest rates, Canadians are signing up for mortgages and borrowing to support spending.”

“The Bank of Canada said in a report in December that younger homeowners in Toronto and Vancouver held most of the risk in the housing market, and that households with debt exceeding 350 per cent of gross income had risen to 8 per cent, up from 4 per cent before the 2008 recession.”

space889
Member
space889

This high debt to income or debt service to income meme has been going on for as long as I can remember which is more than 2 decades now. Still haven’t seen the mass defaults yet….wake me up when that actually happens cuz my microwave popcorns are getting close to expiry now!

Zero Down Forty
Guest
Zero Down Forty

It’s been going on since the money supply expansion policies started after the dot.com crash/911 attacks. No defaults will happen as long as those policies, and the expectation of gains that come with them, continue.

southseacompany
Member
southseacompany

“In Silicon Seattle, High Home Prices”, Wall Street Journal

http://www.wsj.com/articles/in-silicon-seattle-high-home-prices-1461163535

“With high home prices, low inventory and heated bidding wars, Seattle is the new San Francisco.”

patriotz
Member

John O’Brien, age 37, and wife Emily, 34, and two children, ages 2 and 4, moved to Seattle from San Francisco in July and rent a four-bedroom house for $4,300 a month… the O’Briens thought they were ready to buy in the spring—until they found that their targeted Magnolia neighborhood had only a few listings and prices were rising fast

http://www.zillow.com/homedetails/2625-28th-Ave-W-Seattle-WA-98199/48943387_zpid/

Note price and estimated rental value and mortgage payments.

yoyo
Guest
yoyo

Yellen is going to raise with this stuff going on….

Ulsterman
Member

amazing to think owning with a modest down payment would be the same as renting. Vancouver is such a disaster for regular families.

YVR
Guest
YVR

Plus your mortgage rate is locked in for 30 years not 5 years.

Oracle
Guest
Oracle

Wow. You guys still here debating the cause of high house prices still?!

Corrupt foreign money. …

The workers pay the taxes while the wealthy don’t.

Choose a side. Follow the rules or be corrupt.

southseacompany
Member
southseacompany

“The fear of missing out when shopping for a home”, BNN Video

http://canadaam.ctvnews.ca/finance/the-fear-of-missing-out-when-shopping-for-a-home-1.2868612

bullwhip29
Guest
bullwhip29

more paid advertising, nothing more. bankers selling mortgages and loans no different than the faux-economists/salesmen representing the realtors

Hyper-mega-Bull
Member
Hyper-mega-Bull

if you had listened to those people you would have done well. well, except for the home equity loan shill bill good.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
southseacompany
Member
southseacompany

“How booming cities made urban planning Canada’s hottest job”, Canadian Business

http://www.canadianbusiness.com/lists-and-rankings/best-jobs/2016-urban-planner-canadas-hottest-job/

“Urban growth—not to mention truckloads of infrastructure spending coming down the road—spell opportunity for urban planners”

bullwhip29
Guest
bullwhip29

remember everyone, we are paying for this…

Park Board anticipating massive 4/20 cleanup effort
http://www.news1130.com/2016/04/20/park-board-anticipating-massive-420-cleanup-effort/

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29
space889
Member
space889

All for a good cause right?! Celebrating a new narcotic that’s not as harmful as cigarettes. Just slowly rots your brain over a few decades and decrease motivation to actually get off couch and contribute to society. But collecting benefits, yeap, keep those $$$ coming.

Royce McCutcheon
Member
Royce McCutcheon

“Just slowly rots your brain over a few decades.”

I’ll drink to that!

Nom Nom Nom
Guest
Nom Nom Nom

You have been slowly rotting our brain over the past few years….

Best place on meth
Guest
Best place on meth

For someone who whines so much about painting an entire group with the same brush, this asshole sure has some vicious opinions of all marijuana users.

Probably hates gays too.

yoyo
Guest
yoyo

Yup….the local rags covering pot “freedom” wall to wall. Not that we expect them to cover trivial things like affordability of shelter in Vancouver. Of course their subscription base is growing because of their awesome levels of relevance.

bullwhip29
Guest
bullwhip29

Saving for a home down payment a struggle in Toronto. And forget about Vancouver
http://www.theglobeandmail.com/report-on-business/top-business-stories/saving-for-a-home-down-payment-a-struggle-in-toronto-and-forget-about-vancouver/article29704915

>>>it is not the DP that is the issue with many folks as the option to shake down the rest of the family still exists. the problem is that even a well paid professional couple cant afford the 5-figure mortgage payments on a modestly appointed detached home on Vanc’s westside and many other municipalities like richmond, north shore and so on where asking prices are well above $2M.

space889
Member
space889

But but but no one has to buy, and renting is such a great option and really really increase quality of life, right? Nothing better than having landlord subsidize your cheap rents, and be your bitch when it comes to repairs. Isn’t that what the bears have been saying all these years??

yoyo
Guest
yoyo

Well said space….not just saying it, but doing it! Saving here faster than annual price rises and just waiting for a drop. It will come and I’m sure you’ll still be around here when it does.

bullwhip29
Guest
bullwhip29
bullwhip29
Guest
bullwhip29

China’s debt-fueled economy ‘eerily’ echoes U.S. on brink of 2008 crisis, George Soros warns
http://business.financialpost.com/news/economy/chinas-debt-fueled-economy-eerily-echoes-u-s-on-brink-of-2008-crisis-george-soros-warns

>>>when the big purge occurs, it will be spectacular in nature. 2008-09 was only a warmup act. what happens when all these crooks blink at once and try to access their “parked” money which is sitting nicely in OSB and stucco lined safety deposit boxes located in Vancouver?

space889
Member
space889

Hmmm….finally some good news for the racists on this blog. Turns out you aren’t racists after all since Chinese and all Asians in general are just an urban legend!

http://www.thebeaverton.com/culture/item/2622-hollywood-producers-association-study-proves-asians-actually-just-an-urban-legend

Hyper-mega-Bull
Member
Hyper-mega-Bull

wasn’t that patriotz’s stance for years? “HAM is just a myth guys! HAM is only active in the high end guys! Yellow helicopters guys! Nothing to see here!”

sox
Guest
sox

Serve you right, for listening to the propaganda of RadioOTTAWA.

Oracle
Guest
Oracle

Told you guys Patriotz was a paid shill for the immigration industry. But you guys wouldn’t listen.

bestplaceonearth
Guest
bestplaceonearth

hey bears, vancouver approved affordable home ownership program. get on the list,
or just sit there and bitch. it’s up to you.
this is truly the best place on earth, don’t you agree.

on another note, the thugs made a big mess at the beach yesterday.

Best place on meth
Guest
Best place on meth

Who cares?

We have a much bigger problem with foreign thugs turning the real estate market into their personal casino.

bestplaceonearth
Guest
bestplaceonearth

oh yeah, let go protest , join the ndp and no to everything.

Shut It Down Already
Guest
Shut It Down Already

He gives the 420 losers a pass because of their skin colour. Imagine a large public gathering of Chinese leaving garbage like that – he’d probably call them traitors or whatever his favourite word happens to be at the time.

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