Broadway Corridor Development Plan

[misher]

Pressure mounting on the CoV to give up its plan to make Broadway rental/social housing.

https://www.vancourier.com/opinion/a-bro...bc-is-not-a-regional-priority-1.23784368

The minutes say that “project costs must be borne by Vancouver and UBC as the line is not a regional priority.” So the municipal tax base will be used to fund transit, which is a provincial and federal funding responsibility, rather than funding the municipal services needed for a growing population.

More property taxes, development fees and a proposed land value capture tax would go to pay for a subway.

More rentals and affordable housing will not be achieved because the fees required to pay for the subway will need market strata development and much higher tower densities, like Oakridge and the Cambie corridor. Increased taxes will also make housing even more expensive.

Local businesses are already struggling. If the taxes don’t kill them, the business interruption from over a decade of subway construction will ensure most do not survive. It will also make commuting to UBC a nightmare.

A Broadway subway would make the Canada Line construction disruption on the Cambie corridor look like a dress rehearsal.