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Aquilini decision to build rentals not condos will cost Vancouver $35 million

July 16th, 2012 · 28 Comments

Planners finally put a price tag to the community-amenity contribution dollars the city won’t get as a result of Aquilini deciding to build rentals, not condos, in its 400,000 square feet of residential space in three towers around Rogers Arena.

Strangely, though, that wasn’t the topic of many questions at the public hearing last week. As I noted in my Globe story today, the local residents association said that they were okay with that as long as they did get the key amenities funded in the neighbourhood that they want: the Canucks practice rink that will function as a part-time community centre, the daycare, and the pedestrian skybridge over Pacific Boulevard.

It wasn’t clear to me, from listening at the meeting, how the loss of $35 million of CACs from the originally projected total of $125 million from all Northeast False Creek development will affect city plans for other amenities. Originally, there was talk of using amenity dollars to upgrade the Aquatic Centre. Perhaps that’s no longer an option? I’ll have to check.

Oddly enough, in spite of criticism from some groups about the lack of truly affordable rental units in the area (the Aquilini’s 614 will rental at standard rates for new apartments), most of the questions at the public hearing were about the new noise-bylaw standards the city is allowing in the area.

Instead of the usual 70 dBC limit that applies in the rest of the city, this area will allow 82 dBC measured from the roof of Rogers Arena (the usual maximum noise of a concert), although demanding that Aquilini ensure that the noise level in people’s living rooms is no more than 50 dBC and in their bedrooms, no more than 40 dBC. Buy your noise monitors now, future tenants!


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