Quote:
Originally Posted by Bokimon
I can just imagine the proponents of this project are as greasy as the mega hotel resort developers in Las Vegas with several properties on gigantic lots holding thousands of rooms over a gigantic building like the Aria or Fontainbleau, or those who play the Bonnis type of game to sit and sell the sites over a number of years to simply cash in their profits with no intention of building anything which I am certain Vancity would probably not allow. Isn't a condition tied heavily to the construction of the low income housing tower nearby? So if they are all in with this proposal, I hope there is a magic rabbit that can be pulled out of their deep collective top hats and snag some huge hotelier or resort conglomerate that can actually provide a business case of making 900 hotel/long stay rooms work in DT Van including probably leveraging the adjacent condo towers to cushion as much costs as possible.
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They don't have the capacity or legal standing to actually do this.
(i.e. reject an application on the presumption that they're simply applying to get a permit or upzone a site with the intention to sell it later on.
I mean,....how would they be able to tell that this is the true intention of an applicant?)
Whether or not a project actually gets built is up to the capacity and the will of the developer or applicant themselves.
There's a whole boatload of fully permitted proposals and projects whose developers are currently just sitting on them with no intention of going to construction any time soon because of the current market conditions and a good chunk of them will likely sell up at some point if they can't make the numbers work.
The city has no crystal ball or magic power to be able to divine who was actually well-intentioned in their applications just so they can deny or accept permit applications on that basis.
They simply process them on them merits of the submitted proposal and let the other end play as it does. (....or can).
The most the city can do is come to an agreement with the developer with regards to the prioritization of the low-income tower to be built first if any construction takes place to ensure that that carrot wasn't just getting dangled for the developer to get their way with the project they really wanted to get built and make money on.