Quote:
Originally Posted by Vin
Source? Or are you just parroting Changing_City?
NEFC won't be so big if the viaducts are not torn down, so will be cheaper to build without altering the current lot.
We were talking about replacing the current viaducts after their lifespans are over. Why wouldn't that not be building new ones? They are better than piling all the congesting traffic to Pacific Blvd and congesting it after everything is built. Eventually rebuilding the viaducts would also cost way less, and that's the important point. By taking down the viaducts, the City is actually NOT improving the traffic situation, so by your own words, shouldn't the CACs be nullified?
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It's the same source that I'm quoting - the report to Council in 2018 that was approved, that authorized the continued work to replace the viaducts.
In addition to the $360 for the road/transportation works (including the new pedestrian/bike bridge) the benefits package anticipates $603m of affordable housing, $30m of childcare, $251m in parks and $194m of community facilities. The total bill for environmental remediation is estimated at $170m. That adds up to close to the $1.7 billion Daily Hive quoted.
As we know, the rezoning of the Plaza of Nations already offered $325m of benefits, including $128m of affordable housing, $10m of childcare, a $41.7m community centre and $25m ice rink, a public plaza worth $20m and $100.3m in cash to go towards the viaducts replacement and utility and infrastructure upgrades. There are more rezonings still being negotiated.
Now that the City are aware that there are significant seismic issues with the existing viaducts, their life is effectively over. The City can either spend at least $90m on patching them up or $120m to replace them - either option has to be funded from taxes. They can't sit back and ignore what they've now discovered. The option that's favoured is total replacement, as it would be to a higher seismic standard with a much longer life for a relatively small additional cost.
Removing the viaducts also generates the land that can be used to build the projects that generate the CACs that pay for the nice things that result. There are any number of other scenarios for development with the viaducts replaced, but they haven't been chosen.
Anyway, why do you care? In March last year you said, twice, that the viaducts aren't going to be replaced. 'Not going to happen'. So all this detailed planning will have been wasted, but the viaducts will still be there (subject to earthquakes, obviously).