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Originally Posted by retro_orange
Further reiterating my previous post. This development actually has variety and dynamic aspects to it.
I mean seriously, they actually get to keep the church as a whole! COME ON GUYS! Get with it.
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retro_orange
Really, you don't see what's going on? CAC under Vision is the Vancouver version of Tammany Hall NY. They are selling land, mostly to Wall Financial Corp, at 70% of the current market price. There's too many projects going through CD-1 zoning, it used to be an exceptional thing where the lack of limitations could craft unique solutions. Now it's City Council telling everyone what they cannot build, and controlling access to CD-1 gives them carte blanche power. Later if Stevenson/Reimer/Gregor/Meggs have a pet project there's a good friend they can call to get money for their hobby who will be happy to kickback some.
This is how Concord Pacific pays no tax, then we'll tear down the viaducts, they'll chip in to pay for the TV Press Conference on Global and CTV news. What do residents and taxpayers get from it? Concord will promise to rent some of the units in it's building, but it will not do anything to lower prices -- it's going to keep the increase profit for itself.
Except that property taxes are going up. Housing has never been more unaffordable despite it being 5 years since Vision introduced their Affordable Housing plan that encourages these expensive lot-by-lot rezonings.
There's a lot of disgust out there. You would be surprised who has a great story you've never heard about, just go around prompting people what they think about Vision Vancouver claiming credit for bestowing affordable housing like a magical fairy.
There was a big push circa 2015 by smaller developers with lots of articles and academic journals investigating this CAC form of legal corruption. The catch is the opportunity is not accessible to everyone, you need enough land to make the $40,000 CD-1 fee worth it for starters. I always wondered why we don't see more duplexes and rowhouses, or 3-4 storey walkups become 6-8 storey buildings. It's the big green cash machine.
We can't do what's practical, because corrupt people would lose the power to abuse CAC&CD-1 bylaws to capture a disproportionate share of increasing land prices.
Ever wonder why the rezoning and development reports get so involved in so many meaningless fringe aspects? They weren't allowed to say No to anyone politically connected under Penny Ballem, or at least she fired anyone that ever did according to the stories floating around.
Kind of like city council spends way too much on delivering symbolic amounts of action on bike lanes, homelessness, affordability, social inclusion, arts, etc. If the city were a human body, it would have the best cosmetic surgery and a heart that's undergoing myocardial infarction. Vision has sucked the oxygen out of the room and we're supposed to applaud them for going out of their way to take credit for 1/10 of what could have proceeded if they hadn't been involved at all?
I'm really curious if Gregor has changed course after all the different city planners and mangers he's burned through.