Proposed Expansion
In July 2012, Aquilini Investment Group, the owner of the Rogers Arena and the narrow strip of surrounding land, received approval to build three new highrise towers around the existing arena. The towers would consist primarily of 614 rental units and would be the largest rental project built in Vancouver during the last 30 years. The 650,000-square-foot project includes 753 parking spaces and 216,000 square feet of commercial space. Aquilini had originally planned to build the towers with condo units. The switch to rental units provides the City with much-needed rental units. However, The City will lose about $35-million in developer contributions to community facilities in the Northeast False Creek area that would have been collected if the buildings had been condos.
Read more about this topic: Rogers Arena
Famous quotes containing the words proposed and/or expansion:
“To coöperate in the highest as well as the lowest sense, means to get our living together. I heard it proposed lately that two young men should travel together over the world, the one without money, earning his means as he went, before the mast and behind the plow, the other carrying a bill of exchange in his pocket. It was easy to see that they could not long be companions or coöperate, since one would not operate at all. They would part at the first interesting crisis in their adventures.”
—Henry David Thoreau (1817–1862)
“The fundamental steps of expansion that will open a person, over time, to the full flowering of his or her individuality are the same for both genders. But men and women are rarely in the same place struggling with the same questions at the same age.”
—Gail Sheehy (20th century)