On Thursday, Vancouver Mayor Ken Sim made his first speech to the Urban Development Institute.
On Thursday, he repeated several of the same points he made in those earlier speeches: Vancouver is “open for business,” Sim wants to break with archaic, inefficient ways of doing things, cut red tape and make it easier to do business, and promote a city with what he calls “swagger.”
“Do we want a city where we can’t find housing, we can’t find people to work in our businesses,” Sim said, “because we’re worried about shadows? Or some policy? No.” Concord Pacific CEO Terry Hui introduced the mayor, calling him “a hard-working, self-made local Vancouver boy.”Article content One member of the UDI, local developer Coromandel Properties, has recently blamed city hall’s development process, along with rising interest rates, for its financial troubles. In an application filed in B.C. Supreme Court seeking creditor protection over, Coromandel said its financial difficulties stem, in part, from Vancouver’s “complex, expensive and slow” process for developing real estate.
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