PUBLIC SLAMS DE VELOPMEN T
OF TWO 21-STOREY. ‘BUILDINGS

AS A money- making schemé it. may enable the District of |
‘West Vancouver to‘ buy more. ‘waterfront parkland, but the
Aease.of the land. at 320 ‘Taylor Way for. a twin- tower.
development. has local residents outraged. s

“Those, who attended “Monday
night's public ‘hearing were en-—
furiated with a proposal . before
council. to’ “build ‘two . 21-storey
buildings at the southeast corner of
Taylor, Way ‘and. Masine = Drive,

and became even. more frustrated ¢

upon learning that there is no turn-
ing back: because the municipality...
has already signed a 99-year Iease
agreement with ‘the -devcloper .
~ Newcorp Properties. a
The lease was. brought: forward
ata poorly-atiended. meeting held :

'. early Thursday, May. 26. Council's |

regular ‘Monday: mecting was
cancelled that week duc to the. Vic-
tosia Day’ weekend. The lease was
‘finalized the following Monday.
"Ald. Mark Sager was’ surprised
“that people were ‘concerned! about
the; proposed development, “al
this late date 4
_ “This project has’ had a “gestae
“don: period of- about nine years,’
“explained Mayor Don Lanskiil.
‘The ‘municipality acquired” the
bulk of the property in 1980,: ad-
ding it to a works yard that was
already part of the district's land.
twas. zoned’ | for. high-rise
‘development in 1981;: Various
: proposals for, it. have been consid-

ered over the years, including sell- -

‘ing it for $2 million. 7s ,
But. by leasing the property to
Newcorp,’ the ‘district. will receive,:
- $n stages, $9,675,000, plus
‘$125,000 a year, ‘both amounts to

* be inflated yearly. .

The municipality has received a’
“$300, 000 deposit and -an_ $800, 000°:
“deposit: and. is due. to’ receive $2.3

, million ©: after the: first building -
permit, and $2.9: million, after: the:
“second building permit. :

In ‘addition, “it: will “get

“$1,837, 500.” as each Building’ Sells

out. |.

» There will be a restaurant ‘inca
‘separate’ building ‘included in, the
twim towers development.)

-Anternational ° Woodworkers’: ‘of, Dave Finlay’s comment.

‘Jack | Munro,
Van-'

America president
was. one: of. .those ‘West.

_ couverites ‘who came forward:
protest * high-rise’ development
the district. *

He blasted the. municipality o ,
using, the same argument for leas- »
ing” the property that, develo
are using to ‘destroy Amblesi rn
namely, building enormous houses.
to maximize the value of the lind.
-:*'They're going to build afiother .

‘WEST Vdncouver Ald,
‘Finlay...“With. the ‘amount’ of
traffic in .that area, it would - be
" called ‘Carbon Monoxide Park,’"*:

G--damn monster’ which’ we don’t
‘want. as.citizens. of West Van-
‘couver...1t’s not too late. to stop
this project,’” said Munro. .

Another resident, | Marion
‘Crowhurst,’ pointed out. that max-
imizing the’ benefits from. the ‘land
‘ does “not -. necessarily mean ie
dollars and cents.."" 7

Jim, McPherson ‘suggested the -
Property| could: become an “en: “

; tranceway park, like Stanley Park.

".“*With the amount of traffic in,
that area, it- would be called ‘‘Car-’
bon Monoxide Park ce Ald. .

Woe

See Towers’

“

Dave

Boe