By PAT RICH A 600 unit residential development proposed for land next to’ the Second Narrows bridge was given short shrift. last week by North Vancouver District council. But the agent for the developer feels council’s action was “very shabby” and plans to lobby aldermen to have them review their decision. The project is on land surrendered by the Squamish “Indian Band and niot owned by the District, but . council approval is necessary to extend services to the area. The proposal by Tac Holdings Ltd. presented to council called for the construction of a 300 unit hotel and several residential units contained in three highrise towers and land around the Lynnmour Marina. The marina is directly beneath and to the west of the North Shore end of the bridge. In a report to council the District planner recom-. mended that a more detailed submission be prepared. But council members felt there was no need to wait that long. “Never in the six years that I have been on council have I seen a less logical or desirable proposal for land use,” said Alderman Jim Ball. Ball questioned the sanity of anybody who would suggest putting a residential development in the area which is highly industrial. Planning staff also noted that “the proposed use is incompatible with surrounding industrial and port oriented uses,” and: “i in conflict with the Official : Regional Plan.” Ball was especially concerned of the lack of facilities for children in the — area. “I'd be in favor of putting a roadblock in front of the thing right now,” he said. Alderman Peter Powell said “I looked at that thing Developers vow council fi ight (the proposal).. into a state of shock.” He termed the proposed development “ridiculous.” Alderman John Lakes said the traffic problems that would result were enough reject the proposal. Aldermen voted unanimously to reject the application to improve services to the site. But that is definitely not the end of the matter ac- cording to Lindsay Alexander of Pacific Rim Realty, which is the agent for Tac. He talks of “a sow’'s ear being turned into a silk purse’’ and says the development will transform what is, currently “an ugly entrance’’ into Vancouver. Alexander is upset because, he says, the aldermen appeared to ignore the planner’s report. He says he cannot un- derstand Ball’s actions at all, especially since Ball com- plained about the lack of housing at the same meeting. GROWTH EQUITY FUND IS NO. 1 The Financial Times of Canada compared investment results for 230 mutual funds for 1 year, 3 year and 5 year periods. GROWTH EQUITY FUND IS NO. 1 IN ALL PERIODS Compound Rate of Return: (As at Nov. 30, 1980) 1 YEAR 3 YEAR 495% +62% 5 YEAR TOTAL + 46% + 562% Growth Equity Fund qualifies for RRSP, RHOSP, DPSP and Pension Fund investment. IT’S YOUR MONEY — IT DESERVES THE BEST! the agf companies For a brochure and a prospectus please mail tor MR. EDWARD SHWETZ ODLUM BROWN & T.B. READ LTD. P.O, Box 10012 Pacific Centre 1270-700 Weat Georgla St. Vancouver, B.C. V7Y 1A3 TELEPHONE 669-1600 and went . North. The developer is willing to pay for the extension of sewer and water services, Alexander says, and is even willing to comply with District bylaws although the development is not on District land. Alexander says the proposal has the same potential as the False Creek development and that the development is ready to start as soon as approval is given. “We're ready to go,” he said. “We're going to reapply again. A project of this type cannot be ignored.” 1100 Lonsdale Ave. 986-4321 A9 - Sunday News, February 8, 1981 THE NEW LOOK for. the Lynnmour Marina? This is the architect's conception of . what. a. 600. unit... - résidential development at the North Shore end of the Second Narrows Bridge would look like if the necessary approval is given. Last week District council Tuesday thru Sunday” unanimously rejected ‘the proposal but the t agent for 2 Dinners for the Price of 41 Alaska Sole ~ OR Poached Salmon Steak with Hollandaise sauce includes vegetable of the day, rice, soup of the day. Tea or coffee. $49.50 Try our Special or choose from our reqularmenu— Alaska Crab 10.75 Ribs 10.25 Cod Creole 7.50 We're proud to introduce our new European trained chef - Bruce King ¢ Hugh plays piano Friday, Saturday & Sunday THE SUNDOWN ER restaurant located right on the edge of the sea please call for reservat If you are concerned about the quality of your retirement years we urge you to attend our at Silver Harbour Centre 144 East 22nd Street, North Vancouver 10 AM to 4 PM If you are 45 years of age or older and consider yourself a responsible person you cannot afford to ignore this seminar. Call Joanna Anthony or Cliff Monteith at 986-4321 NOW to register. Fee, including lunch and all work materials $35 per couple, $25 single. This opportunity is open to the members of the North Shore Community Credit Union thet families, and non-members oltke. This could well be the most important investment — you will ever make. North Shore Comat - CreditUnion — - Five branches serving North Vancouver _ Lonsdale Branch’ Or £33 Reh Marine Dr. Branch Vilage Branch See . 1080 Marine Dr, PEHINIG ' 985-8 ped | 3 miles north of Horseshoe Bay Sist Edgemont Bh Seminar on Retirement Planning To be held on Saturday and Sunday February 21st and 22nd