Vancouver's downtown may become victim of its urban housing success.
Housing policy crowds out business
By Linda Baker Published: January 17, 2007
"Commercial tenants say they are feeling the squeeze."
""We were disappointed there wasn't more new building in the city," said Iain Mant of Fasken Martineau DuMoulin, a law firm based here. This spring, Mant said, the 350-employee firm will relocate from a "fairly oppressive" 37-year- old building to the Bentall V, the only new office tower under construction downtown.
"We thought we would have more options to consider," he said. "But the projects you kept hearing about ended up being residential and hotel." There are currently 47 residential buildings under construction in the central core."" Full Article
Subscribe to:
Post Comments (Atom)
5 comments:
We don't need no steenkin employment! We have real estate!
What do we DO in this city? Where does all this "wealth" come from?
It seems Vancouverites just hang around coffee shops and sushi bars talking about how expensive their condos are. This is our economy.
Wouldn't it just be too ironic if one day thousands of people crammed into their little rabbit cages realized that they would have to drive to the suburbs to work because their employers couldn't get office space?
Drive? We have the technological wonders called the RAV line and Skytrain, ready to transport the neo-troglodites to work and back.
Alternately, the condos could be re-wired to serve as sleep-over call centres, when they are out-sourced from Bengaluru.
I did a post on this very topic. As is my wont (I sometimes rant), it's a rant...
Wouldn't it just be too ironic...
I don't have a link for you, but it is my understanding that this is already so. I know two people who live downtown and bus it to Richmond, and another who works in New West. from Cambie and 10th or so. Ugh.
Alternately, the condos could be re-wired to serve as sleep-over call centres
There is big money in interactive internet porn too. Just think of all the wild new ideas you could get from your viewers, and make scads of cash to pay your mortgage while yer at 'er.
Oh yes. There was a huge tax squeeze on commercial joints too. And don't forget the parking stall tax to boot.
The scoundrels in gov't made the city business unfriendly, and residential developer friendly.
It's justlike the great rock'n'roll swindle.
Post a Comment