Today the public learned that ground was broken for construction of Vancouver’s first project under the Short Term Incentives for Rental Housing (STIR) program, a 10-storey building with 106 units at 1142 Granville (not in the West End, but we’re still concerned). (Here you can read analysis from citizens (including an independent developer).
There are serious problems with the way STIR is being applied in the West End, creating very controversial projects out of character with the neighbourhood (watch out in your neighborhood too, as the program goes til Nov 2011!). One of the key problems with STIR is the lack of clear guidelines on how much “density” can be given to a developer in return for building rentals. The result is “the sky’s the limit,” as we see with the 22-storey tower application by Westbank/Peterson in the West End. Developers get a “let’s make a deal” approach from the city, and this is an injustice to neighbourhoods. For a slide show on STIR, visit this page. Also, visit the CTV website for coverage (aired at 5 pm today, Nov 2) and add your comments, and newspapers on Wednesday.