Vancouver’s website today February 13, 2023:
New housing agreement would deliver more than 650 affordable homes in False Creek North
The Georgia Via Ducts are coming down!
“We are moving forward with plans to deliver more than 650 non-market homes in False Creek North through an innovative new land transaction agreement.
The agreement with Concord Pacific creates an opportunity for us to partner with BC Housing to develop these new non-market homes on three sites in False Creek North. These sites will also create an opportunity to locate new public amenities for False Creek North including a fire hall and childcare facility. In addition to the three housing sites, we will receive $110 million in cash contributions that could be used or allocated to fund the new street network planned for Northeast False Creek. Concord Pacific also will waive our $11 million option price on the three sites, for a total value of $121 million in financial contributions.
The proposals require amendments to the False Creek North Official Development Plan (FCN ODP) and the applicable zoning”.