Westbank wants to boost density to approved plan, to make it "feasible in the light of current conditions such as ...a changing residential mkt". So, density deemed appropriate must change, because developer got the mkt wrong? Good to know, good to know vancouversun.com/news/developer…
Mortgage holders who face unexpected expenses or lose their jobs should try going to the bank to seek lower interest rates to make the relationship ""feasible in the light of current conditions"
Or maybe folk should go to City Hall and ask to stop paying property tax to make continued tenure in the city "feasible in the light of current conditions"
Me after promising to do the dishes but getting drunk during dinner instead: "I'm sorry honey, but I'm going to have to renegotiate the dishes thing. It's not feasible in the light of current conditions."
And if the mkt was going gangbusters, I wonder how Westbank would feel if the city approached them and asked them to build a park instead or otherwise reduce density, to maintain the lower profit outcomes foreseen under the original plan? Would that be OK?
To what extent should the community bear the impact costs of density (yes, I consider that a cost), because the market didn't do what a developer thought it would do?
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