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Vancouver’s West Broadway is in the midst of a ‘land rush’ - The Globe and Mail<br />
But hopes are high that the new transit line will<br />
actually happen this time, after Prime Minister<br />
Justin Trudeau made specific promises about<br />
transit funding for Broadway during his<br />
campaign last fall.<br />
So far, only initial planning money has been<br />
committed. Everyone is now waiting for what’s<br />
called the second-phase funding, which is<br />
supposed to be negotiated this fall in<br />
anticipation of a much bigger commitment to<br />
transit projects across the country by the<br />
Liberals in their second budget next February.<br />
Even when that comes through, though, it<br />
could be as much as a decade before the<br />
Broadway extension opens.<br />
As well, it’s unclear at this point whether the<br />
city will rezone the area for more density. At<br />
the moment, much of the central corridor is<br />
zoned to allow for buildings that are equivalent<br />
to just three times the lot size.<br />
http://www.theglobeandmail.com/report-on-business/industry-news/property-report/vancouvers-west-broadwayis-in-the-midst-of-a-land-rush/article31494096/[26/09/2016 11:59:03 AM]
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