The Density Bomb
You are watching the Third Part of a 3-part series shot at an important meeting on June 28, 2001.
This is how the video series divides:
Part 1: The Density Reaction.
Deals with the community's first reaction to density models.
Part 2: The Economic Analysis.
The redevelopment economics of Little Mountain is essential viewing for anyone living in the most expensive city in the world, and surprisingly easy to understand. Learn essential city planner jargon such as "land lift". Compliments to Mr. Blair Erb of Coriolis Consulting for a compelling performance.
Part 3: A Memorandum to the Community of Little Mountain.
The architect reads the "Memorandum of Understanding" (signed my Mayor Sullivan in 1997). Floor opens up under participants. Warning: Watching this last act of the series may raise your blood pressure!
Make sure you've seen Part 2 -- the Financial Analysis. With a basic financial understanding of density relative to property value and amenity costs, you will understand just what kind of BOMB gets dropped in this final act of the June 28th meeting.
The questions that arise are very important to the redevelopment of Little Mountain and the communities participation within it. If the Liberal Government, with BC Housing acting as their agent, succeed in pushing the implications of the memorandum through, a year and a half of community input will have been a complete waste of time.
Will Holborn Developments, with the implicit support of the Liberal government force another 1000 units of housing onto Little Mountain (condo heights will rise from 8 stories to 18 stories) to "pay" for the replacement of the pre-existing Social Housing? Housing that was guaranteed by the government as a "given" owing to its destruction in the first instance?
The community group takes in a collective gasp, but the story has not yet reached its climax. Hold onto your seats for the surprise ending.
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July 27, 2011