Council approves False Creek project:

Supports new Dragon Boat Facility, secures new opportunity for affordable housing, moves forward with new park planning

A development featuring a total of 620 new residential units was approved by City Council at last night’s Public Hearing, with two new towers to be constructed just west of the Cambie Bridge in North False Creek.

A community amenity contribution of $4.2 million secured from the project will support the building of a new Dragon Boat facility at Creekside Community Centre, fulfilling a longstanding major demand for the popular sport on False Creek. The developer also transferred title to 58 West Hastings (across from Saveonmeats) to the City of Vancouver for use as a future affordable housing site.

Council also directed staff to report back with a timeline on the delivery of a significant new park for Northeast False Creek, in conjunction with the viaducts report anticipated for next year.

"This project will be a strong addition to one of the fastest-growing neighbourhoods in Vancouver, and it’s great to see a new Dragon Boat facility and a new affordable housing site secured in conjunction with its approval,” said Mayor Gregor Robertson. “Council also asked staff to report back with a timeline for a major new park in the area, which we know is a leading priority in the neighbourhood. Last night’s decision helps to clarify how that park will be established and ensures that work can move ahead to make it a reality for the neighbourhood to enjoy.”

Social sustainability provisions of the project’s approval will also ensure that 10% of the employment generated by construction on site is sourced from inner-city neighbourhoods and that 10% of construction materials must be purchased locally.

To view the full policy report, please click here:
http://former.vancouver.ca/ctyclerk/cclerk/20140513/documents/p2.pdf