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  #6401  
Old Posted Jan 27, 2026, 12:29 AM
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Neat and that's great to hear they're trying a more standard approach for infrastructure funding.
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  #6402  
Old Posted Jan 27, 2026, 12:56 AM
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But White said the cost of the required infrastructure has now doubled, making it unrealistic to rely solely on development revenue to fund the work. “If we’re just expecting the development revenue to make up that massive cost escalation that we’ve experienced, we’re gonna be perpetually spinning our wheels,” said the City’s chief planner.

According to White, recent major City policy changes — especially the amendments to the protected mountain view cones to relax building height restrictions — have reopened conversations about increased density and development capacity, which could generate additional revenue to help finance infrastructure.
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“They don’t have land to proceed on unless we remove the viaducts,” said White, adding that City staff have been meeting with Concord every two weeks for the past year and a half to resolve funding and phasing challenges. Discussions are also ongoing with the Government of British Columbia around a “participation mortgage,” which White described as a “key piece of revenue” needed to fund land remediation, infrastructure, and public amenities. This is in addition to potentially tapping into federal programs.

“We have to work collectively together, and creatively, and think of solutions that weren’t even on the table in 2018 in our previous iterations of the plan. Concord needs to be a participant to that. Plaza of Nations needs to be a participant to that,” said White.

Under such a scenario, a participation mortgage could theoretically be a financing arrangement in which the provincial government provides upfront funding for the viaducts demolition and new road network, in exchange for repayment plus a share of future development revenues generated once the land is built out. As a form of low-cost financing, this approach would allow the major upfront capital costs needed to kickstart the NEFC Plan to be deferred until high-density development projects are ready further down the road.
https://dailyhive.com/vancouver/dunsmuir...eek-plan-federal-provincial-loans-update
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  #6403  
Old Posted Jan 27, 2026, 1:10 AM
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Could we also get an Infrastructure Bank loan for the Purple and Gold lines? That'd go a long way toward making this whole thing work.
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  #6404  
Old Posted Jan 27, 2026, 1:58 AM
officedweller officedweller is offline
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Even if the viaducts are gone, Concord will probably still wait until market conditions are right before building.

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Originally Posted by logan5 View Post
Maximize the value of the viaduct lands by maximizing the density - around FSR 20/ 6 million buildable sq feet, gives you an average tower height of 65 floors/6500 sq ft floor plate, spread over 14 towers. You would have 8 towers on the east parcel, and 6 on the west, and still easily have at least 80 foot tower separation. At a conservate 400/buildable = 2.4 billion land value.

Now do the same the for the rest of NE False Creek, so you can generate a lot more CAC money for the viaduct removal, and new road network.

Trade off height restrictions so that we can save the DTES from rotting away and being permanently destroyed.
Remember that the NEFC park space will be the repository for contaminated soils for the area (just like David Lam Park, George Wainborn Park and Andy Livingstone Park), so there will have to be some open park space that won't be built on.
But that doesn't prevent them from buildinging higher where they do propose towers.
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  #6405  
Old Posted Jan 27, 2026, 5:21 PM
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Originally Posted by officedweller View Post
Even if the viaducts are gone, Concord will probably still wait until market conditions are right before building.

Remember that the NEFC park space will be the repository for contaminated soils for the area (just like David Lam Park, George Wainborn Park and Andy Livingstone Park), so there will have to be some open park space that won't be built on.
But that doesn't prevent them from buildinging higher where they do propose towers.
I think the ongoing negotiations are probably around forcing a schedule if the City ponies up to redo the infrastructure. But at the pace these things go, it will take a whole market cycle for them (the City) to do everything. Start now and it will be finishing up around the next market top.
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  #6406  
Old Posted Jan 27, 2026, 10:30 PM
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Originally Posted by WarrenC12 View Post
I think the ongoing negotiations are probably around forcing a schedule if the City ponies up to redo the infrastructure. But at the pace these things go, it will take a whole market cycle for them (the City) to do everything. Start now and it will be finishing up around the next market top.
how long is a typical cycle? it feels we are at the absolute bottom right now
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  #6407  
Old Posted Jan 27, 2026, 10:37 PM
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Originally Posted by kikin View Post
how long is a typical cycle? it feels we are at the absolute bottom right now
Probably a year or two more of this, the market hasn't really tanked much in terms of selling prices. It depends but I'd say 8-10 years is enough to see a whole cycle again.
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  #6408  
Old Posted Sep 28, 2026, 8:15 PM
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Looks like Kareem wants to pick up Gregor's failed mantle on this one:

Kareem Allam's Vancouver Liberals call for viaducts demolition, UBC SkyTrain, and the adoption of the B.C. Building Code
Kenneth Chan
Sep 24 2026, 7:11 pm


...In Northeast False Creek, Allam is calling for the provincial government’s involvement to speed up the demolition of the Dunsmuir and Georgia viaducts. The party presents the removal of the arterial road structures as a way to make room for new housing, employment spaces, and public parks...


https://dailyhive.com/vancouver/vancouve...c-skytrain-building-code#google_vignette
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  #6409  
Old Posted Sep 28, 2026, 8:50 PM
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Originally Posted by whatnext View Post
Looks like Kareem wants to pick up Gregor's failed mantle on this one:

Kareem Allam's Vancouver Liberals call for viaducts demolition, UBC SkyTrain, and the adoption of the B.C. Building Code
Kenneth Chan
Sep 24 2026, 7:11 pm


...In Northeast False Creek, Allam is calling for the provincial government’s involvement to speed up the demolition of the Dunsmuir and Georgia viaducts. The party presents the removal of the arterial road structures as a way to make room for new housing, employment spaces, and public parks...


https://dailyhive.com/vancouver/vancouve...c-skytrain-building-code#google_vignette
NEFC development is long overdue. And despite some of the wishes of SSP forumers, the viaducts need to come down as a part of that.
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  #6410  
Old Posted Sep 28, 2026, 8:57 PM
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Originally Posted by WarrenC12 View Post
NEFC development is long overdue. And despite some of the wishes of SSP forumers, the viaducts need to come down as a part of that.
How's that Plaza of Nations buildout coming along?
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  #6411  
Old Posted Sep 28, 2026, 9:31 PM
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What's the year that repairs will be required if they stay up?
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  #6412  
Old Posted Sep 28, 2026, 10:14 PM
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2032

https://vancouversun.com/news/vancouver-gridlock-viaduct-removal-funding-question

They just started doing joint replacements this month.
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  #6413  
Old Posted Sep 28, 2026, 10:38 PM
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Hmm so this IS a 2026-2030 council decision then

(I can't imagine a decision being made in time for the 2031-2034 council if the deadline is 2032)
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  #6414  
Old Posted Sep 29, 2026, 5:21 PM
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Originally Posted by whatnext View Post
Looks like Kareem wants to pick up Gregor's failed mantle on this one:

Kareem Allam's Vancouver Liberals call for viaducts demolition, UBC SkyTrain, and the adoption of the B.C. Building Code
Kenneth Chan
Sep 24 2026, 7:11 pm


...In Northeast False Creek, Allam is calling for the provincial government’s involvement to speed up the demolition of the Dunsmuir and Georgia viaducts. The party presents the removal of the arterial road structures as a way to make room for new housing, employment spaces, and public parks...


https://dailyhive.com/vancouver/vancouve...c-skytrain-building-code#google_vignette
They've made some dumb proposals (e.g. removing parking meters at rec centers), but this is a solid tri-fecta of things to push for
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  #6415  
Old Posted Sep 29, 2026, 5:28 PM
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Would also be interesting to see where the excess CAC money would be allocated to if the governments pay for the viaduct removal instead.

Would that CAC money be a kind of "latecomer agreement" where they pay the government back, or does it go towards social housing, more rec centres, park space / park infrastructure?
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  #6416  
Old Posted Sep 29, 2026, 5:30 PM
Chirpythecougar Chirpythecougar is offline
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Is there any party that is pro maintain/rebuild the viaducts?
Greens want to demolish because viaducts racist.
OneCity/COPE want to demolish because highways and cars bad.
ABC/Liberals/Vote want to demolish because pro developer (NEFC).
Only TEAM I could see wanting to keep them because they want it to be 1970 forever
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  #6417  
Old Posted Sep 29, 2026, 5:42 PM
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Quote:
Originally Posted by Chirpythecougar View Post
Is there any party that is pro maintain/rebuild the viaducts?
Greens want to demolish because viaducts racist.
OneCity/COPE want to demolish because highways and cars bad.
ABC/Liberals/Vote want to demolish because pro developer (NEFC).
Only TEAM I could see wanting to keep them because they want it to be 1970 forever
Meanwhile the reality is that most people don't want to spend $1-2K per capita to remove infrastructure before it's End-of-Life, even if you don't like them. It might be different if the CACs paid for the removal, but it's pretty obvious they won't cover it currently.
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  #6418  
Old Posted Sep 29, 2026, 6:14 PM
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Originally Posted by Alex Mackinnon View Post
Meanwhile the reality is that most people don't want to spend $1-2K per capita to remove infrastructure before it's End-of-Life, even if you don't like them. It might be different if the CACs paid for the removal, but it's pretty obvious they won't cover it currently.
How are you getting 1 to 2 k per capita?

The value of the viaduct land is based on some absurdly low FSR. Give that land a proper FSR, like FSR 20, and the removal costs might be covered completely.

The payoff is huge. Chinatown would be a destination neighborhood, with bars and restaurants bringing tons of energy.
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  #6419  
Old Posted Sep 29, 2026, 6:22 PM
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Originally Posted by logan5 View Post
How are you getting 1 to 2 k per capita?

The value of the viaduct land is based on some absurdly low FSR. Give that land a proper FSR, like FSR 20, and the removal costs might be covered completely.

The payoff is huge. Chinatown would be a destination neighborhood, with bars and restaurants bringing tons of energy.
Not to mention the massive amount of False Creek shoreline that is little more than a haphazard seawall and a parking lot. Some of the most expensive and desirable land in the world. And I'm not being hyperbolic.

The City is equally guilty with their land on the south side near the Cambie bridge.
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  #6420  
Old Posted Sep 29, 2026, 6:23 PM
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Originally Posted by Chirpythecougar View Post
Is there any party that is pro maintain/rebuild the viaducts?
Greens want to demolish because viaducts racist.
OneCity/COPE want to demolish because highways and cars bad.
ABC/Liberals/Vote want to demolish because pro developer (NEFC).
Only TEAM I could see wanting to keep them because they want it to be 1970 forever
Great summary!
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