Quote:
Originally Posted by WarrenC12
Your regular reminder than Chip Wilson's RE company owns a ton of property in the DTES area. Follow the money as usual...
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Your regular rebuttal that his company have put a lot of investment into his East Hastings properties, and he has shown no signs of wanting to develop them. He has a lot of future investment in the False Creek Flats that is probably easier to lease, better located on transit, and without any complications that managing housing in the DTES brings. Onni and West Bank have more active development plans for the area.
I think this has more to do with slowly replacing the old SROs. We've seen one burn down, and three demolished in recent years (with no replacement on the Balmoral or Dunsmuir Hotel sites proposed yet). There are a lot more to either get fixed up or replaced, and the state of the old buildings really seems to worry the Chief Building Official, who is much more proactive than some of his predecessors.