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Originally Posted by fredinno
Well, no, but people see Guildford and see it has decent access even without Skytrain, so there's still enough interest in the area to get the Guildford Plan rolling. Guildford already had towers long before the LRT anyways.
Newton doesn't seem to be working too well in comparison, neither is 108 Ave, which is why. Skytrain down to Newton was estimated to be nearly the entire cost of the $1.6B allocation.
Also, Surrey seems to want to get rid of Guildford Mall, as seen in the zoning plan...  Are the same idiots behind the Metrotown idea the ones behind this one?
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That...just sounds like a Land Value Capture tax. And it doesn't work like that, any large landowner buying up huge swathes of property triggers land rushes- supply and demand. Especially since this is TransLink we're talking about here- if TransLink starts buying a lot of land at a place, people can put 1-and-1 together.
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I proposed renting the land out, not selling it. The biggest problem is really just how much you need. Then again, rentals are not exactly being built, and they're disproportionately more likely to take transit. It's a double-dip.
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Decent access is relative, seeing as the main ways in and out would be two 2-lane "arterials" and a glorified RapidBus. Like I said, that might be enough capacity for something like OV, but noooo, Surrey First wanted the full Oakridge treatment.
The thing about a Langley SkyTrain is that it helps all of SoF revamp to a grid pattern, not just three spokes and a hub; for example, you can run a new regular bus down 152nd past Fleetwood and the train station to Newton, taking pressure off the KGB routes. Blow it on a Newton extension, you've got two other corridors that have nothing. Same reason the Expo's more critical than the Canada.
And with the R1, and eventually the BRT, it's not like Newton can't go ahead with
some kind of redevelopment.
Eh, mall replacement is kind of the in-thing right now. Only difference is that Oakridge and Brentwood understand the value of revamping the old mall instead of outright cut n' pasting streetfronts on top of it.
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Except that LVC would go developer -> city -> TransLink, whereas this just lets TL handle all the money directly. Works just fine for HK and Japan.
WRT affordability, I'll reiterate how Broadway
already had a rush, bad enough for City Hall to put a temporary freeze on property trading until the corridor plan is finished - it's why the cost of the line jumped $700 million. Yet as seen with recent proposals, rentals (albeit 28+ floors on Broadway itself) are evidently still profitable.
Pretty sure renting out the land itself is something that only works with farmers. If you mean a ground lease, again, remember that TransLink's a transportation company: they want to buy, sell, make money, spend it on the next SkyTrain. I highly doubt they want a decades-long contract which ends with the property owner (TransLink) being responsible for all the buildings and tenants.