Quote:
Originally Posted by Changing City
What has this hotel got to do with the Invictus Games? Even if they started construction tomorrow (which they won't) it probably couldn't be finished in time for the World Cup; certainly not by next year.
We need more hotel rooms in general, but there have been economic reasons why they haven't been built. The provincial rules on Airbnb that come into force on May 1, and last year's federal tax changes should both help the viability of new hotels.
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This has proven to be the correct take when it comes to the timeline for 848 Seymour. According to their submission to the Public Art Committee, the plan is to start construction in January, 2025, with occupancy envisioned for June, 2027.
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https://vancouver.ca/docs/council/part20240318item3.pdf