North Shore Updates

[Migrant_Coconut]

Originally Posted by djmk

Who wants that? Why not at Phibbs, Maplewood, CapU, etc? There are so many places available on the NS for housing. Why make affordable housing in one of the most expensive pieces of property in NV?

Why not? This is one of the best, most livable transit areas in the metro and half an hour away from downtown - if anything, there should be more below-market housing at Lower Lonsdale, just as there will be for Broadway. Healthy neighbourhoods have a mix of all income levels. Why exile all the have-nots to Maplewood?

[Migrant_Coconut]

Originally Posted by Changing City

The Feds were unable to sell the Sinclair Centre, and entered into partnerships on Jericho and the former RCMP headquarters in Vancouver. The province passed their Jericho land to the first nations. The former warehouse of the Liquor Distribution Board is now a first nations asset. I'm fairly sure that no significant federal or Provincial property assets have been sold off to private sector developers in the recent past without either a financial settlement with first nations, or their involvement in the development.

On top of that, the province is thinking about amending the Land Act to let the FN have joint custody of Crown properties.

[jollyburger]

Lower Lonsdale has a lot of junk rental stock so it probably is as diverse income wise as anywhere else in Metro or in comparison to Coal Harbour.

[madog222]

Originally Posted by Changing City

I imagine any sale of what is now a provincial site might prompt a land claim by North Shore first Nations.

I was also thinking this, especially as the press release states the development is being done in partnership with MST.

[djmk]

Originally Posted by Migrant_Coconut

Why not? This is one of the best, most livable transit areas in the metro and half an hour away from downtown - if anything, there should be more below-market housing at Lower Lonsdale, just as there will be for Broadway. Healthy neighbourhoods have a mix of all income levels. Why exile all the have-nots to Maplewood?

Because you could probably do triple that amount of homes for the same price at Maplewood

[chowhou]

Originally Posted by Changing City

The Feds were unable to sell the Sinclair Centre, and entered into partnerships on Jericho and the former RCMP headquarters in Vancouver. The province passed their Jericho land to the first nations. The former warehouse of the Liquor Distribution Board is now a first nations asset. I'm fairly sure that no significant federal or Provincial property assets have been sold off to private sector developers in the recent past without either a financial settlement with first nations, or their involvement in the development.

Federal lands are an entirely different can of worms I don't want to get into, but you should know better. The LDB lands and Jericho lands were sold at arms length to the MST nations, with the added price of extinguishing their other land claims. I don't think anyone here would be protesting a similar sale here, especially given the MST nations' genuine drive to build housing in this city.

[madog222]

Originally Posted by djmk

Who wants that? Why not at Phibbs, Maplewood, CapU, etc? There are so many places available on the NS for housing. Why make affordable housing in one of the most expensive pieces of property in NV?

Calling it "one of the most expensive pieces of property in NV" is an absolute farce.

Land values are in line with any other property in Lower or Central Lonsdale, even Maplewood or Lynn Creek are the same for that matter.

[Migrant_Coconut]

Originally Posted by djmk

Because you could probably do triple that amount of homes for the same price at Maplewood

More like not even double. And then none of those will be next to the SeaBus or SkyTrain.

And there's nothing stopping the province from building a mix of market and below-market, if anybody's worried about value for their tax money; they bought at 47% off and have no obligation to turn a profit. A private developer, on the other hand...

[jollyburger]

Originally Posted by djmk

Because you could probably do triple that amount of homes for the same price at Maplewood

It's okay the province has unlimited amounts of money to build these projects.

[djmk]

Originally Posted by madog222

Calling it "one of the most expensive pieces of property in NV" is an absolute farce.

Land values are in line with any other property in Lower or Central Lonsdale, even Maplewood or Lynn Creek are the same for that matter.

You must not know which property we are discussing here.

Name another piece of property worth 100 million in NV.

[madog222]

Originally Posted by djmk

You must not know which property we are discussing here.

Name another piece of property worth 100 million in NV.

Absolute value is irrelevant, the site it over three acres of course it is worth more than the average property with an apartment building on 1/5 the land.

[Migrant_Coconut]

(clears throat)

Construction on a $100-million condominium development in North Vancouver is officially underway.

Green on Queensbury is made up of three, four-storey buildings with a total of 164 units, including apartment condos, garden homes and two-level townhomes ranging in size from 517 to 1,546 sq ft. The project is already 80 per cent sold.

The development is located adjacent to Moodyville Park, which is on a hillside between Low Level Road and East 3rd Street.

Moodyville Park's not even in Lonsdale - it's halfway to Phibbs. Real estate got expensive, my person.

[djmk]

Originally Posted by madog222

Absolute value is irrelevant, the site it over three acres of course it is worth more than the average property with an apartment building on 1/5 the land.

The canadian tire site is assessed at 52M and is 8.5 acres

Stongs is assessed at 78M and is 5 acres

Innovation Campus is 44M and 6.5M

that big area beside the Innovation campus 39 acres and 65M

Where the post office is: 1.3 acres and 15M

Rona, 3 acres and 28M

[Migrant_Coconut]

Multiple citations needed. 120 Charles Street's been assessed at $5.6m, roughly $18-19 million/acre; ICBC was assessed at $29.41 million/acre. That's 1.6x cheaper at best - nowhere near triple.

[FarmerHaight]

I don't get the big stink over the Provincial government buying some land from a crown corp at a discount. Sure, it may smell funny and sure seems like legislative capture of a supposedly independent board, but when you really think about it this means $50M of public housing development costs that would have been paid through income taxes will instead be paid through automobile insurance. This one-time event is very different from regularly raiding contingency funds or other cash reserves by demanding cash dividends be paid to the government.

And yes, I understand drivers may be upset if a portion of their premiums benefit non-drivers. But our tax system takes money from one user group to benefit another all the time, so this is nothing radical.

[jollyburger]

Originally Posted by FarmerHaight

I don't get the big stink over the Provincial government buying some land from a crown corp at a discount. Sure, it may smell funny and sure seems like legislative capture of a supposedly independent board, but when you really think about it this means $50M of public housing development costs that would have been paid through income taxes will instead be paid through automobile insurance. This one-time event is very different from regularly raiding contingency funds or other cash reserves by demanding cash dividends be paid to the government.

And yes, I understand drivers may be upset if a portion of their premiums benefit non-drivers. But our tax system takes money from one user group to benefit another all the time, so this is nothing radical.

It's okay when it happens to you that's karma.

Maybe they can throw some magic ICBC money at the sewage plant while they are at it.

[FarmerHaight]

Originally Posted by jollyburger

It's okay when it happens to you that's karma.

Maybe they can throw some magic ICBC money at the sewage plant while they are at it.

Exactly! I pay my income taxes but can count my annual uses of a toilet on the North Shore on my fingers. So why should I, as a proud south of the inlet shitter be subsidizing those North Shore crappers? Besides, the District and West Vancouver taxpayers on average earn much more than the rest of us so why should us poors be financing their gold-lined pipes?

I think if BiV did a proper analysis with a Venn diagram of who pays taxes in BC (income, VAT, etc.) and who pays into ICBC, they would find the populations are almost identical. And at that point, is it really worth getting mad because the money I pay once per year to insure my car or renew my license is funding social housing instead of the money I pay bi-weekly from my paycheque?

But if BiV really wants to incite rage, they should write some articles about how the rich retiree who owns five luxury cars that all have their own licenses and insurance policies but are driven a dozen times collectively per year is really floating the rest of us who make do with one car for a family of four or who may not own a car but pay ICBC to renew our licenses and to collectively insure Evo's fleet.

[chowhou]

Originally Posted by FarmerHaight

Exactly! I pay my income taxes but can count my annual uses of a toilet on the North Shore on my fingers. So why should I, as a proud south of the inlet shitter be subsidizing those North Shore crappers? Besides, the District and West Vancouver taxpayers on average earn much more than the rest of us so why should us poors be financing their gold-lined pipes?

Bad example, you help pay for the North Shore sewage treatment plant because North Shore taxpayers are going to help you pay for your Iona sewage treatment plant project which is coming down the pipeline (pun intended?).

I highly doubt that social housing residents are going to pay drivers back for funding their government subsidized housing.

[griswold]

Sleeping gondolas at new Grouse base station

[chowhou]

Originally Posted by griswold

Sleeping gondolas at new Grouse base station

Hope they wake up in time for winter.