Its the event I look forward to the most and its the highlight of living in the West End. US, France & Japan are showcasing their fireworks this year beginning this Saturday. I hope you enjoy it as much as I do. For more information on the event visit: https://hondacelebrationoflight.com/
Arbutus railway corridor, Granville Island sought by Vancouver
The City of Vancouver is looking to buy some expensive real estate, but it remains unclear what the cost might be for taxpayers.
Tomorrow councillors will vote on Mayor Gregor Robertson’s motion asking staff to look into buying or leasing Granville Island from the federal government.
And in a letter to residents this past weekend, Robertson revealed the city has offered to buy the Arbutus railway corridor from Canadian Pacific Railway.
No price was named for the railway land, which is some of the most valuable undeveloped property in the city, but Robertson says an independent appraisal has been made, and they are prepared to pay fair market value.
So far CPR has not been receptive to multiple offers according to the mayor.
The railway and the city have been fighting over the future of the corridor for more than a decade, with CPR seeking to develop it into a mix of commercial, housing and green space, and the city seeking to preserve it as a green space for community gardens and a route for bikers and walkers.
In 2006 the Supreme Court of Canada ruled the city has the right to control any development along the 11-km strip of land connecting False Creek with the Fraser River. The city has rezoned it to prevent any development.
But CPR, which has owned the land for nearly 130 years, still has the right to run trains down the urban corridor, and recently warned it intends to do just that, giving residents until the end of the month to get rid of dozens of community gardens and sheds on its land.
At Tuesday’s city council meeting, Robertson willalso ask city staff to look at options for buying Granville Island from the Canada Mortgage and Housing Corporation, following recent revelations that the federal government is considering handing control of the island over to the Port Metro Vancouver authority.
Robertson has publicly opposed that idea, saying the popular tourist destination should be controlled by local governments.
VANCOUVER, July 6 (Xinhua) — The Vancouver municipal government set up an agency on Sunday aimed at increasing the stock of affordable rental housing for low-income families in the city.
The city promised to provide 2,500 affordable-housing units in Vancouver and surrounding areas by 2021 through the new Vancouver Affordable Housing Agency.
“This is a new entity that the city will have to really promote and advance affordable housing,” city councilor Geoff Meggs said in a statement.
“The agency won’t build or hold housing stock, but will facilitate partnerships with the private sector, with non-profits, with city-owned properties to provide affordable housing in the rental market,” he added.
He also said the agency will be tasked with streamlining the creation of new rental units for low-income families.
What qualifies as “affordable” housing would be a rental unit that costs no more than 30 percent of household income, he explained.
In a press release, the city said that new agency would provide at least 500 units in the first three years and focus on creating a mix of housing stock, including three-bedroom units, targeted at individuals and families of low to moderate income living and working in Vancouver.
Vancouver, the third largest city in Canada and the biggest in the west coast, sees soaring housing prices these years due to tens of thousands of immigrants settling down here.
Local residents complain about high property prices and urge the government to take action to stabilize the prices.
Copyright 2014 Xinhua News Agency.
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