Quote:
Originally Posted by rofina
If this is approved the whole area is toast.
It will be a land rush by every developer to acquire waterfront parcels to build a new waterfront city center.
Not to mention the increase in assessed values as a result of this will put huge strain on the business owners paying property taxes here.
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Why do you think New West and Coquitlam have fought so long and hard over the Bailey Bridge? Land use is a huge part of it as improved access to industrial land increases development pressure. Look at the Brunette Interchange plans and how vehicle connections will improve, specifically if the option chosen has an overpass and direct freeway connection at Blue Mountain.
I agree with your analysis. If this project moves forward (it will) then what about the riverfront land between it and the Skytrain stations? Arguably this land is much better suited for transit orientated development. With this project and new road infrastructure the writing is on the wall. I wouldn't be surprised if Coquitlam pushed development further East too.
The waste transfer system is a complete non issue. The site is already owned by Beedie and the operations are being moved around 2019 (
http://www.tricitynews.com/news/new-...-way-1.8709364).
Oh well. As a consolation prize at least the riverfront trail system will be greatly expanded.