13 — Wednesday, November 16, 1988 — North Shore News

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oe ERENT OBOE ATEN SMES PRED ERE TERIA 0 erm

"Why You Should Vote YES IX on Nov. 19th

‘EE; the fact is, the revenue generated to the municipality by the lease of 320 Taylor
Way to Newcorp Properties will be about $64,000,000. That does not include addi
tional money the municipality will receive by irivesting this money.

that is enough to give thousands of doliars to every other recreational and
cl feral organization in West Vancouver and still have millions left over for other uses.

uses.

Bata the fact is, Councils, Citizens Task Force, municipal staff and experts all agree
at the area is not appropriate for a park.

; the fact is, the two apartment buildings willl occupy only 10% of the site with
e remaining 90% as open space, with extensive landscaping.

Efta the fact is, the buildings will be about the same height as Kapilano 100.

Ei the fact is, street level views will be improved.

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A the fact is, additional Lions Gate traffic will be minor, according to the consultant’s
icial report.

Bild the fact is, a ‘ow rise of the permitted density would greatly decrease the open
space, and block far more of the view at ground level.

Eig the fact is, at the end of the lease, the land reverts back to the municipality.

the fact is, the agreement between West Vancouver and Newcorp Properties is a .
, binding one on both the municipality and the developer. if either side
decides not to honour the agreement it will likely cost that side millions
of dollars in damages for non-performance. Newcorp has no intention of
withdrawing from the agreement.

Please consider these facts carefully and vote YES on
the referendum ballot for revenue generating residential
use at 320 Taylor Way.

RN STUPOR LOST OBS RESIS OLA MS PRY DACRE SO OMEN

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NEWCORP PROPERTIES LTD.

6 85 RITES ANSEL AMATO TREAT TIS