“*The end of 1985 will pret=.
ty well be the end (of the pro-.
ject),”” says Eric Martin,
general manager of the
Lonsdale Quay Development
Corporation and a- general
mafiager with the parent B.C.’
Development Corporation.
_.Construction is going on’
now for two office projects,
' one located on. - Esplanade
between. the ICBC. and’ B:C.
Rail: Buildings- and. the other.

COMOX - Nuclear-armed
rockets stored at this Van-
couver Island Canadian
Armed Forces base willbe
removed.

Officials say stocks of
- the Genie missile will be
removed from the base by
_: July 1 of the next year.

The Genic, an
unspecified number of
which are located at the
base, will be replaced by
new F-18 fighters armed
with conventional

MANILA - Tension con-
tinues to grow throughout
the Phillipines despite
threats by President Ferdi-
nand Marcos that martial
law .may be_ re-imposed
and that anti-government
demonstrations will be
broken up by riffle fire if
_ necessary. ‘

‘The warnings followed
_a week of demonstrations
“against the arcos

‘government, demonstra-

Manila riots
bring warnings

closer to the waterfront.
_As well there are deals in
the works for two other com-

- ponents of the development.

Those deals would: ‘see
developers purchase the land

-for and then develop a 70 to

100 unit. townhouse. complex
and the: ‘public: ‘market site.

te hte.

Details’ ‘of the: :agreement

Sidewinder and Sparrow
missiles, non-nuclear.
weapons.

Capt. Trevor Kennedy,
a spokesman for the Com-—
ox base, said at least two.
F-18 fighters will be sta-
tioned at Comox.

The existing Squadron
409. which. flies Voodoo
jets out of Comox will be
disbanded but a squadron
of the same name will be
established at Cold Lake,
Alta., the main F-18 base.

tions that were touched
off by continued outrage
at the assassination of op-
position leader Benigno

Aquino.
As well students have
marched through the

streets to protest an im-
pending visit to the
Phillipines by American
president Ronald Reagan.

A rally of 100,000 pro-
testors carlicr this week
ended with 11 people dead
and 247 wounded.

pected'to. be announced soon
while the igreement — for
residential de elopment, the
_ sinaller-of two proposed for

the Lonsdale: Quay area, is

not likely to be completed un-
til early next year.

buildings" ays: the two “wnder
construction Mill likely be
finished _dn 984 | while the

public “market © ‘site develop-

ment -will begin in that year, -

being completed i in 1985.
Construction of the re-

for the development of the.
public. market. site .are;-.ex-'

maining two components of
the, plan fone the: 26-acre. Site :
en!

‘storey office : building t. _the,

northwest ‘corner of thé site .
_ will, Hikely Start in late
1984: °

Completion of the ‘overall.
project, -including North.
Vancouver City’s develop- *
ment. of the six-acré public
park site now under way, will
leave the area ready to star in.
Expo ’86 activities, expected.
to attract ‘millions of visitors
to the Greater .Vancouver

nine-month run.

“square- feet. of: ‘development,
with ‘per cent of that office

“space, 25 per cent residential,

. 10 pet.cent: retail and. five: per

cent institutional.“

. That space will. generate a
- total of. $2.7 million: in. tax
revenue for alk levels of
government, compared to the

$110,000 that was being ‘col- ©

lected : before. the proposal
was. put together in the late

70s.
As well, Martin says, it ap-

‘pears BCDC will at least -

“When finished;: the:project:

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break-even on the project. |
The.cost of ad ‘and

developing ‘the plans
everything those tasks entail.
— will be offset by the sale‘of
the .-individual parcels: to
‘developers:

That’s despite the 18 and
19-per cent interest rates:the
corporation has faced and
the fact that the two office
building sites now under.
development ‘were sold” at
*/prices:less than. originally an-
ticipated “to keep the
development going’? accor-

’ ding to Martin.

- 980-2222