New article by Elizabeth Murphy, published in Common Ground and quoting in part:
Scratching the surface of the plebiscite
• We must look beyond sound bites coming from the multi-million dollar, publically funded Yes campaign for the transportation plebiscite. The evidence shows that the plan for the Broadway Corridor is more about implementing Metrotown-scale development than it is about transporting people.
With foreign capital taps wide open into local real estate and development, Vancouver is demonstrating the kind of deregulated extraction capitalism opposed by Naomi Klein in her latest book, This Changes Everything.
Manipulated growth projections are used to justify development we do not need. This is leading to overbuilding of about 2,000 units per four-year census period. By 2011, this amounted to a total of 22,000 unoccupied units. The point is not how do we force these expensive new units to be rented out, but why do we permit overbuilding?
Like the 1950s and 1960s neighbourhood clearing and urban renewal highway projects, this current tower oriented redevelopment of established neighbourhoods will prove to be a mistake.
Affordable older housing stock is being demolished to be replaced by tiny-unit, expensive cookie cutter condo towers or new monster houses. These are not affordable or viable options for most people or families in Vancouver. Increased development pressure will increase rents and the cost of home ownership.
Link to full article here: Spin city – transit plebiscite.