Quote:
Originally Posted by whatnext
Sure but when they own a perfectly good one already? Not to mention the jobs factor. ICBC and BC Rail offices were located next to the Seabus terminal to a) encourage jobs on the North Shore; b) offer an easy transit option to those who worked there but didn't live on the North Shore.
There's zero reason to locate ICBC in expensive rented space on False Creek flats. Put it out in Surrey Central or along the new extension.
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The existing building is not 'perfectly good'. "The building is aging and in need of reinvestment. According to BC Assessment, the latest assessed value of the property is $103.2 million, with $101.8 million for the land and only $1.4 million for the major structure, which provides an indicator of the building’s condition." [
Daily Hive]
'Eight years ago, a leaked report prepared by ICBC at the direction of the previous Liberal government indicated the costs of maintenance and upgrades to be around $184 million, including $36 million for seismic upgrades." [
Richmond News]