Quote:
Originally Posted by Porfiry
What's contentious about maximizing value? That could favour either position depending on the relative value of the competing ideas. The viaducts might make have greater value left as is, or perhaps there's more value in a repurposed configuration. I'm not going to pretend to know, but I'd rather have an open mind than not.
Your comment was that because there's lots of empty space in False Creek flats, somehow that completely devalues land around it. This is ridiculous.
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Now you are overlooking the economic value that the viaducts contribute to the local economy.
Not everything is about land value. Infrastructure plays a vital role in the reason why people want to live, work, or shop downtown. It could be reasoned that the viaducts maximize the value of downtown Vancouver itself. Trading infrastructure for a one time profit could actually lower the GDP value of the city.
The reason the flats are still rail yard is because it is far more valuable as rail yard (considering there would be hight restrictions for building on the landfill). The rail industry makes billions a year of shipping to and from the port; you think it makes sense for them to trade the assets that generate their wealth for a one time cash in?
You are way too focused in on the viaducts and the land under them without considering the larger picture. Sometimes valuable land has to be "sacrificed" for the greater good. We build schools, hospitals, and public parks on rather expensive land. Should St Pauls be torn down because a developer could build some luxury condos there? What's monetary value of a school? Perhaps we should outsource our child's education and send them to Burnaby where land, thus schools, are cheaper. You could either have 40,000 cars use the viaducts a day or at the most have 2,000 yuppies live there? Which is a more "valuable" to society? The city shouldn't cater to a developer or a few thousand people who are fortunate enough to have money they could live anywhere they wanted, but they should be concerned for the well being of our entire economy. What's the value of businesses downtown compared to the value of a few blocks of land?