UBC wouldn't really need to do a surcharge for regular riders, they could pay for it by adding an additional charge to student fees, and to the HOA covenants of buildings here.
Another thing they could do that would be more controversial but completely within their purview (though possibly requiring an EIS) would be to upzone the entirety of the endowment lands and develop some mechanism for capturing lift on those single family home areas. With skytrain out there, the area could handle thousands more people, and a lot more commercial. There's no negative to converting those 1970s SFDs to mid/high-rise: money for the long term lessees, money for the university and the skytrain extension, more homes built to take the pressure off the rest of the market, a new community (the current one out here = no).
In conjunction with the golf course going to higher use over the next decades, you're looking at the possibility of a regional economic powerhouse, and covenants could be written to include funds for the extension on every new plot (and an infill station at the golf course, when the time is right).
__________________
"Yes, we destroyed the planet. But in one brief, beautiful moment, we created tremendous value for shareholders."
|
Threaded Mode