General Vancouver Updates

[djh]

Originally Posted by WarrenC12

Three First Nations bought the Jericho Lands (15.7 hectares) for $480M. This will be the biggest development in Vancouver's history.

http://www.news1130.com/2016/04/08/three...y-parcel-of-prime-vancouver-real-estate/

Stupid question here... where did these groups get so much money, or is this financed through other developers?

It doesn't say in the article *who* they bought it from - the City of Vancouver, the Provincial Government, the Federal Government, or perhaps a trust. Does anybody know?

I'm interested to know who the proceedings will go to, and how we can hold them accountable (e.g., if it goes to the CoV, would we be able to put pressure on the councillors to use the windfall to improve transit to the west side, for example).

I'm thinking with all of those development deals on the west side approaching UBC (those two parcels, plus the golf course near UBC reverting to First Nations a few years ago), there is surely very good reason to recommend extending the skytrain extension way beyond the current plan and going all the way to UBC.