Quote:
Originally Posted by officedweller
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Pic from a "somewhat" similar angle (actually west from the western boundary of the pre-load) from back in the late 1950's when the Tsawwassen Ferry Causeway was still under construction:
[Courtesy: Gary Cullen]
And yep. The shopping centre developers have a 99-year leasehold agreement with the TFN. Tsawwassen is my old stomping ground (even today) and my gut tells me that this venture will not work out too well. Suspect quite a bit of vacancy 5 years after opening.
IMHO, the TFN would have been better off financially with a phased residential development on its entire land-base. And yes, again, all 99-year leaseholds.