Quote:
Originally Posted by whatnext
Maddox buyers must be real excited the city decided to dump a big homeless shelter in that hotel across the street. How much value just got shaved off their units?
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http://www.vancitybuzz.com/2014/09/downt...ed-157-units-temporary-homeless-housing/
Interesting comments in this article.
"There is more to the story than the noble cause that we are being lead to believe. I received some information from someone involved in the development side and helped shed light on this issue.
Apparently the developer that is buying the Quality Inn is Townline and the reason why they're turning it into a homeless shelter is to obtain permit for larger density. Seems that another developer was trying to buy the hotel earlier and turn it into a high rise, but couldn't because they couldn't get permission for larger density.
So Townline struck up a deal to turn the hotel into a homeless shelter, 2 or 3 people per room for two years terms, forcing the current structure to qualify for largedensity. With the density permission in hand, Townline can tear down the Quality Inn and build a high rise in two years.
If we want to do anything to protest the shelter then the person we need to protest against is "Rick Ilich", the president of Townline.
"