Burnaby Updates

[logan5]

The land that Metrotown sits on is worth multiple billions of dollars, so there is a huge amount of money to be made through redevelopment of the mall. Ivanhoe Cambridge could build their mall underground and have close to 30 000 people living and working right on top of the mall, literally an elevator ride away. The mall would make even more money than it is now.

The western side of the mall could be developed first, with the eastern side still in operation, then when the first phase is finished, redevelop the eastern side. Oakridge is about half the size of Metrotown and it's being redeveloped, so this level of redevelopment is not unheard of.

One way or another that mall will be redeveloped.