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

Surrey’s Jujhar Khaira registers first two-goal game of NHL career

The Edmonton Oilers forward has nine points in 16 games this season

Movie about Surrey’s ‘Sandwich Nazi’ now airing on multiple streaming sites

‘The Sandwich Nazi’ film first aired in 2015 amidst conflict between star and director

UPDATE: Poor ventilation likely cause of carbon monoxide incident at Delta farm

All 42 patients have been released from hospital, according to Delta Fire

Proposed Delta bylaw to change rules about secondary suites, parking

Most of the changes in Delta’s new bylaw are largely administrative, but could impact some homeowners

VIDEO: IHIT identifies Langley murder victim

IHIT is now on scene investigating the death.

Tourism Delta seeks North Deltan for board of directors

Candidates must have “ability to represent the needs of the community and understand the challenges”

Site C decision coming Monday

Premier John Horgan to announce fate of dam project at B.C. legislature

VIDEO: Man frustrated that Vancouver taxi driver won’t take him home to New Westminster

Kuldip Gill says that not being able to get a ride to the suburbs is a constant problem

Legacy of Amanda Todd lives on through B.C. foundation

Todd’s mother Carol stresses the importance of putting the phone down and talking with children

UPDATE: Train hits hydro pole, causes outage near Deltaport

No injuries reported but traffic in and out of Deltaport is blocked

VIDEO: Vancouver Whitecaps acquire star striker Kei Kamara

Kamara has 103 goals and 39 assists in 298 appearances over 11 Major League Soccer seasons

Smartphone pedometers underestimate steps, but valuable health tool: study

UBC researchers found the iPhone underestimated steps by 21.5 per cent

VIDEO: ‘Last Jedi’ premiere kicks off with droids, Daisy Ridley

Latests Star Wars film premiered in style ahead of Dec. 15 theatre debut

Most Read