Metro Vancouver Considers Developer Concession
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•Business
Business & Economics
Metro Vancouver eyes concessions to developers in attempt to win federal funds for Iona sewage project
72% Informative
Federal government set aside $250 million to be paid out of $6 billion Canada Housing Infrastructure Fund .
Now Metro Vancouver is considering giving developers a break from rising development cost charges worth up to $220 million .
That concession, however, rankles many of Metro 's board members who feel challenged to pay for new infrastructure with limited, and unpopular, ways to raise revenue.
Vancouver city Coun . Mike Klassen said it will be an uncomfortable trade-off but “at this point, I’m extremely eager to see that $250 million come from the federal government” $220 million in lost revenue “is a huge amount of money” to try to find in its budget.
VR Score
78
Informative language
77
Neutral language
66
Article tone
informal
Language
English
Language complexity
50
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Hate speech
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Attention-grabbing headline
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Time-value
short-lived
External references
9