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

WATCH: Langley art beneath the vines helps hospice

West Coast Fine Arts late summer show enjoyed natural light in a winery’s greenhouse.

Langley health fair aimed at newcomers to the community

An LCSS event combined fun for kids with information on health services.

Election signs trashed on Langley’s 208th Street

Someone apparently knocked down a block of signs in Willoughby.

VIDEO: Cedar Rim Nursery celebrates 40th anniversary

The celebration created a buzz at the nursery with local vendors, tours and a kids zone

Car crash, wires down cause power failures in Langley

Hundreds of people spent some time in the dark Friday and Saturday.

Conservation officer frees B.C. deer from flotation gear mishap

BC Conservation Officer Service is reminding residents to keep backyards clear of entanglements

Lions earn stunning 35-32 OT win over Ticats

Epic comeback lifts B.C. past Hamilton in CFL thriller

Czarnik nets 3 as Flames dump Canucks 5-2

Calgary picks up exhibition win over Vancouver

Ottawa to name new ambassador for women, peace and security, Freeland says

Chrystia Freeland also confirmed Canada would spend about $25 million to fund number of initiatives

‘A little bright spot:’ Ottawa residents rescue dog trapped beneath rubble

Freelance journalist says rescue of a dog trapped under rubble was happy ending amid chaos in Ottawa

B.C. deaf community wants different sign languages on federal accessibility act

Advocates also want Indigenous Sign Language to be recognized on the Indigenous Language Act

Remainder of Vancouver Whitecaps season filled with ‘must-win’ games: coach

With Vancouver currently sitting four points out of a post-season spot, each contest is crucial

VIDEO: B.C.-born firefighter remembered by MP in emotional speech

Family asks first responders to look after one another in wake of suicide, growing concerns of PTSD

Airline has ‘close call’ with drone while en route to B.C. airport

Jazz Aviation reported the drone sighting near Vancouver to the RCMP and Transport Canada

Most Read