Transit subsidy arranged for future residents in four Metrotown developments in Burnaby

    1 of 1 2 of 1

      A lot of good things have been said about doing mass residential projects near transit.

      What is not often talked about is doing something extra to get future residents get into the habit of hopping onto transit.

      Developers of four multi-family projects in the Metrotown area of Burnaby have come up with a way to help people do just that.

      It’s in the form of a transit subsidy.

      The subsidies are in different forms, and will last only for a period of time.

      One development is at 4960 Bennett Street, where a 35-storey condo tower and a six-storey rental podium are proposed.

      The developer, Ledingham McAllister Communities Ltd., is offering a transit pass fund equivalent to two zone monthly passes for 15 percent of strata residents for two years.

      The second development is at 6525 Telford Avenue. A 37-storey condo tower and a six-storey rental building are proposed.

      The developer, Telford A venue Project LP, will make available a transit pass subsidy of 60 percent of the cost of a two-zone pass for each residential unit for 12 months.

      Anthem Properties Group Ltd. is the developer at 6444 Willingdon Avenue and 4241 Maywood Street. The project involves a 43-storey apartment building, three-storey townhouses, and a six-storey non-market rental building.

      For this project, Anthem Properties is offering what a City of Burnaby staff report describes as a “transit-subsidy bank account”.

      A number of strata owners will get transit subsidies “until such times as the funds are exhausted”.

      Accorde Properties Corp. is the developer of 6556, 6566, 6580 and 6596 Marlborough Avenue. It has proposed a 34-story mixed tenure apartment building, and a four-storey affordable rental building.

      Accorde will offer the equivalent of a two-zone transit pass to 15 percent of strata owners, and 100 percent of renters for two years.

      The four developments have the caught the attention of two groups, but for a different reason.

      The Alliance Against Displacement is organizing a rally Tuesday (November 19) at Burnaby city hall.

      The protest will coincide with the public hearing of the rezoning applications for the four projects.

      The organization noted in a media release that while the developers will replace the old rental units that will be demolished to make way for their projects, “there is presently no legal obligation for developers, or Burnaby’s municipal government, to house people in the interim”.

      “With nowhere to move until the 1-1 same price units are finished, tenants will be pushed into a new circle of displacement,” the alliance stated.

      The Association of Community Organizations for Reform Now or ACORN is also mobilizing for the rally tomorrow.

      In a media release, ACORN also expressed concerns about the displacement of renters in the old apartment buildings that will be demolished.

      Comments