The plan to evolve False Creek Flats was approved six years ago, but questions still remain, particularly around housing. realestate realestatenews FalseCreekFlats
, setting the stage for the historic 450-acre district to evolve once more and become — the City hoped — an invaluable economic zone.
Shortly after the False Creek Flats established itself, however, came the car boom — beginning around 1945 — and industry began to shift away from railways and towards automobiles. The rest of the 20th century then saw the City developing plans that anticipated the removal of railyards and growth in the area that went beyond just the movement of goods.
As an example, the City noted that industrial land along the Fraser River had a value of about $35 per sq. ft, compared to nearly $3,000 per sq. ft in Coal Harbour, which itself was formerly a railyard.That City’s call for “strong policy” manifested in the False Creek Flats Plan. The original plan was approved by Vancouver City Council — led by then-Mayor Gregor Robertson’s Vision Vancouver — in May 2017, before large-scale rezoning was then approved a few months later in October.
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