Quote:
Originally Posted by fredinno
TransLink kind of has to deal with that problem all the time in its normal operations.
Plus, it gives Metro Van more actual control on development patterns. No more complex deals with universities needed to try to kickstart developments in rut periods.
Though how would profit be shared? Fixed payout for construction and then taking the rental revenue for the long-run?
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Actually, Surrey is extending 102nd to Old Yale Road. https://www.surrey.ca/files/City%20Centre%20Plan.pdf
The only section that is discontinuous is the aforementioned Sports Field block (likely due to that part being the biggest pain-146th is barely used anyways). Surrey First was REALLY willing to go with the Rube Goldberg approach at all costs, and Mr. Doug McCallum didn't care enough to change it...
... Newton is a Town Center. We've already gone way off track on what the original argument was about.
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There'd still be a complex deal: now it's TransLink's
contractor negotiating with UBC instead of TransLink. I don't think the middleman needs a middleman.
You could do it that way, but then why not just sell it to the contractor outright and call it a day? Unless the
contractor gets the construction payout and
TL gets the rents... but again, TL's just a transport corporation.
Eh, I'll believe it when I see it. Everything between 104th and 100th from above looks like an unfinished crossword right now, and nobody's particularly willing to sell.
So are Guildford, Fleetwood, Cloverdale and Langley - everybody's screwed by the relative lack of mobility, not just Newton, so we need a much better reason than "it would really help Newton" to blow the budget on a project for just one part of the region instead of one for the whole thing.