B.C.'s Housing Minister Ravi Kahlon expresses frustration over Concord Pacific's long-delayed plans to redevelop a prime waterfront site on False Creek, originally acquired after Expo 86. The Minister questions why the land has remained undeveloped for nearly four decades, despite community housing needs. Concord Pacific proposes a development with 12 towers and 5,000 homes but hinges on the removal of the Georgia and Dunsmuir viaducts, which faces funding and planning challenges.
B.C's housing minister says the province is losing patience with Concord Pacific and its long-delayed plans to redevelop part of the former Expo lands on False Creek. Catherine Urquhart reports.Nearly 40 years after Expo 86, why hasn’t the prime waterfront real estate along Northeast False Creek been developed?
“When people in the community are struggling for housing and they see a parcel of land that is quite prominent sold to a private interest almost 40 years ago and still no action, I think people have the right to be concerned,” Kahlon told Global News.Concord Pacific acquired the land from the province after the 1986 world’s fair, but the property has sat empty for decades.
Kahlon said the province was frustrated enough with the pace of development that was prepared to review the original agreements in the 1988 land deal between the province, city and Concord, and wasn’t ruling out litigation.
Housing Redevelopment Expo Lands Concord Pacific Vancouver
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