New development charges move ahead to fund Metro Vancouver transit

The mayors’ council has approved a plan to raise $20 million a year

The mayors’ council on regional transportation has approved a new development cost charge to help fund much-needed transit and transportation projects.

On Thursday, TransLink said the council has decided on residential rates between $1,200 and $2,100 per unit of new developments and non-residential rates between $0.50 and $1 per square foot.

“Without it, TransLink will have to find a new funding source or defer much needed improvements,” said Vancouver Mayor Gregor Robertson.

The council had already set out that development cost charge must not impair the viability of new development projects, nor slow the pace of them.

The mayors’ goal is to raise $20 million per year with this new rate to help fund projects as part of their 10-year transportation plan, including Expo and Millennium Line upgrades, more buses, and a new SeaBus.

The Metro Vancouver politicians have been hunting for ways to raise money in other ways, such as road pricing. They have long balked at the previous Liberal government’s suggestion of raising property taxes.

Any adjustments on the proposal will be made in 2018 through consultation.

The plan now goes before the TransLink board of directors. If then approved by the province, the charge could be in place by 2020.

Just Posted

Abbotsford murder victim identified as Jagvir Malhi

Police say killing linked to Lower Mainland gang conflict

$7.4 million in funding for seniors’ housing in Mission

Province announced today that it will provide funding for 74 new housing units for local seniors

UPDATE: Man, 19, dies in shooting on Ross Road in Abbotsford

Victim was airlifted to hospital Monday afternoon, but died shortly afterwards

BC Ferries passengers wait to leave Vancouver Island after Remembrance Day

Traffic aboard BC Ferries slows after Remembrance Day long weekend

PHOTOS: Remembrance Day ceremonies in Mission

The event began with a parade, followed by a ceremony at the Clarke Theatre and then at the Cenotaph

VIDEO: Amazon to split second HQ between New York, Virginia

Official decision expected later Tuesday to end competition between North American cities to win bid and its promise of 50,000 jobs

Kuhnhackl scores 2 odd goals as Isles dump Canucks 5-2

Vancouver drops second game in two nights

Fear of constitutional crisis escalates in U.S.; Canadians can relate

Some say President Donald Trump is leading the U.S. towards a crisis

B.C.-based pot producer Tilray reports revenue surge, net loss

Company remains excited about ‘robust’ cannabis industry

Canada stands pat on Saudi arms sales, even after hearing Khashoggi tape

Khashoggi’s death at Saudi Arabia’s consulate in Istanbul further strained Riyadh’s already difficult relationship with Ottawa

Feds pledge money for young scientists, but funding for in-house research slips

Canada’s spending on science is up almost 10 per cent since the Liberals took office, but spending on in-house research is actually down

Stink at B.C. school prompts complaints of headaches, nausea

Smell at Abbotsford school comes from unauthorized composting operation

Disabled boy has ‘forgiven’ bullies who walked on him in stream, mom says

A Cape Breton teen who has cerebral palsy was told to lie in a stream as other kids walked over him

Letters shed light on state of mind of B.C. mom accused of daughter’s murder

Trial of South Surrey mother Lisa Batstone begins in BC Supreme Court

Most Read