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The popular tourist and business destination of Vancouver has launched the biggest waterfront development in the history of the city. With funds of up to $1.3 billion from private investors, the project aims to utilise the 32-acre former site of Boise Cascade Industrial Estate. The aim is to build up to one million square feet of restaurant, retail, residential and business space. Public costs are being kept to a minimum with only $1 dollar of public investment against every $30 of private funding.
The project will generate income and industry for the area, yet green spaces are being earmarked to retain the famous quality of life enjoyed by the residents of this vast coastal city.
The plans are expected to create at least 600 jobs in the short term, rising to over 20,000 jobs when building is complete. New levels of prosperity will be created on the site of a former paper mill and former lumberyard. Developers plan to turn this into a vibrant waterside district, buzzing with recreation and commerce.
The project is expected to attract business and tenants both international and domestic with global companies already eyeing rental space.
Corporate travel operators are rising to meet the demand of the business traveller and with Virgin Upper Class and BA Club Class both providing comfortable long haul flights with every business luxury, business continuity between time zones is now commonplace. Vancouver Airport has no less than three Plaza Premium Lounges with nap rooms, Wi-Fi, and hot and cold buffets offered for the business passenger.