Quote:
Originally Posted by Sheba
The mass demoviction next door to Metrotown station / mall is over now that Corrigan is gone and Hurley's in charge. Breaking the mall apart was far in the future but if enough people complain I wouldn't be surprised if they backtrack on it.

|
I think you're being a little bit too overly optimistic and getting way ahead of yourself.
A lot of the projects proposed for the Metrotown area ("Demoviction central" in the part just south of the Skytrain line and north of Imperial) had already had their rezoning application processes and Design development permit applications pushed through or at least in process by the time the election rolled around.
The election results and the new administration are unlikely to change any of that or rollback any granted approvals unless they want to risk getting sued.
The only change I would foresee would be the city pushing the developers of some of those projects to include or increase non-market and rental components of those projects.
Any new project applications going forward in the area are the ones most likely to be affected by any new administration policies.
And as for breaking up the mall, once again, a lot of people getting too gung ho about something that has way too many moving parts and isn't likely to happen anytime soon.
As someone else mentioned, it's one of the most profitable retail centers in all of Canada and the most trafficked mall in all of the GVA and indeed all of BC probably second only to West Edmonton Mall in all of Canada in terms of the number of visitors and shoppers it receives each year.
Those kinds of numbers give you a hell of a lot of clout when it comes to these sort of discussions and I doubt even Hurley and the new administration will want to ruffle the feathers of one of the biggest commercial property tax payers in the entire region.
Simply put, the mall is not getting broken up any time soon unless IvanHoe Cambridge are fully behind the idea, and right now I don't see the upside for them in such a move.
And the current court fight they're having over the Concord-Pacific/Sears project (which they're likely to lose) isn't likely to make them any more amenable to the idea either.