Quote:
Originally Posted by Calgarian
Did they get all the foundation problems on the UCBO tower sorted out? I think the building was fine, it was just affecting the neighbours.
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Looks like UBCO will be building a replacement building "like-for-like" at another site near the Capri mall. I've got two questions about this:
1. Should the replacement building actually be "like-for-like" or should it be a building maximizing density for the new site with 80 units reserved as the affordable replacement units.
2. Does UBCO actually come out ahead in this situation? UBCO land swapped with the city and now owns the 1360 Bertram site (the site with the issues). So UBCO gets another prime development site downtown in exchange for the development of the replacement building. Will they profit or break-even on the replacement building? If so, seems like they come out ahead.
https://www.cbc.ca/news/canada/british-c...cement-ubc-okanagan-kelowna-bc-1.7629756