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Originally Posted by jlousa
Always divided if Chinatown/Gastown stuff should go in here or in the Downtown thread, since the downtown thread has been pretty active today figured I'd post this here so it won't get buried so quickly.
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A new thread for the Chinatown/Gastown/NEFC in order?
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Also the COV is looking like it will up the maximum transferable density from the density bank from 10% to 20%. This should clear up the inventory quickly and bring it back online, the city is currently freezing it for 3 years and will then only allow density to be created at the average rate it was consumed over the last 3 years. Personally I don't think the freeze will need to last that long but we'll see.
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I'm afraid I fail to understand exactly how the system works. Why is there a "bank" of excess density, and what is this bank? Is it density the developers already have stored because of fixing heritage buildings, or is it heritage buildings with assigned amounts of square footage in density that will be allowed to whomever redeveopes them?
I thought developers did heritage restoration/amenities to get extra density as needed.
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