Concord Pacific, city of Vancouver take halting steps toward Expo lands redevelopment

The city of Vancouver and developer Concord Pacific have finally formalized a deal to transfer three Concord-owned sites to the city for nonmarket housing. While the deal on affordable housing is welcome, whether it’s a step closer to the long-anticipated development of a new waterfront neighbourhood on the north side of False Creek is a question that lingers.

“We’re raring to go and get to Northeast False Creek, and our final piece of the Expo lands is to get it rezoned and get it under construction,” said Matt Meehan, senior vice-president planning for Concord Pacific Development Corp.