TTP Community - View Single Post - Friends of Soccer issues invitation to All Mayoral Candidates

Johnnie Monster · 05-13-2008, 10:31 PM

Gurps, no offense but I gotta call you on a few points here.

Truth be told, Kerfoot does not want to swap land with the Port. I'm sure he'd much rather build on his own land, but he's being forced to negotiate with the feds, because the city will not allow him to build on the site he owns.

Condos: I'm assuming you're referring to the supposed "scoop" by the Vancouver Sun columnist whose story was on the front page last week.

At no time has the word "condo" ever been uttered or proposed by the Whitecaps in connection with this stadium. Also note that the Sun columnist did not cite a single source for the rumours. Not one. That's why it's not so surprising that the paper gave Lenarduzzi a full rebuttal in the following edition.

The original column was reckless speculation that slipped through the cracks and got a rather damaging news placement in spite of its lack of corroborating evidence.

As for the difference in land values, let's remember what's on the table.... Kerfoot is offering 30,000 square metres of dry land (half his rail yards) in exchange for 10,000 square metres of Port lands... half of which is a water-based helipad that extends offshore like a ferry terminal, and the other half is a small parking lot for Port staff that is usually empty.

What makes this so frustrating is that land values are supposed to be irrelevant to the Port. Why? Because federal law prohibits the sale of Port property for money.

The Port is allowed (and encouraged) by Ottawa to trade for land that might be useful to its operations. It think Kerfoot's offer more than meets that criteria.

05-13-2008, 10:31 PM	#29 (permalink)
Johnnie Monster Member Joined: Apr 2006 Location: Richmond BC Posts: 13 TTP Friends: (0)	Re: Friends of Soccer issues invitation to All Mayoral Candidates Gurps, no offense but I gotta call you on a few points here. Truth be told, Kerfoot does not want to swap land with the Port. I'm sure he'd much rather build on his own land, but he's being forced to negotiate with the feds, because the city will not allow him to build on the site he owns. Condos: I'm assuming you're referring to the supposed "scoop" by the Vancouver Sun columnist whose story was on the front page last week. At no time has the word "condo" ever been uttered or proposed by the Whitecaps in connection with this stadium. Also note that the Sun columnist did not cite a single source for the rumours. Not one. That's why it's not so surprising that the paper gave Lenarduzzi a full rebuttal in the following edition. The original column was reckless speculation that slipped through the cracks and got a rather damaging news placement in spite of its lack of corroborating evidence. As for the difference in land values, let's remember what's on the table.... Kerfoot is offering 30,000 square metres of dry land (half his rail yards) in exchange for 10,000 square metres of Port lands... half of which is a water-based helipad that extends offshore like a ferry terminal, and the other half is a small parking lot for Port staff that is usually empty. What makes this so frustrating is that land values are supposed to be irrelevant to the Port. Why? Because federal law prohibits the sale of Port property for money. The Port is allowed (and encouraged) by Ottawa to trade for land that might be useful to its operations. It think Kerfoot's offer more than meets that criteria.