Vancouver city council’s unanimous decision to reject Paragon Gaming’s proposal to build the largest casino in Western Canada is putting two Concord Pacific towers on the east side of Cambie Bridge in peril.
“The question of Concord’s lands is tied to clarity around the PavCo lands,” City of Vancouver director of planning Brent Toderian told Business in Vancouver April 20.
“Once we have clarity on that we’ll have a better sense of the implications for Concord.”
PavCo chair David Podmore said he would focus his attention on completing the stadium’s roof and that any new proposal for development near B.C. Place would likely have to wait until at least October.
That means the two towers Concord Pacific intends to build on the east side of the Cambie Bridge will be in limbo until then.
Concord’s plans to build two towers on the west side of the Cambie Bridge will be unaffected by the casino rejection, according to Toderian.
Concord Pacific spokesman Peter Udzenija was unavailable to comment on the setback.
A further domino to potentially fall is that, in exchange for the city not requiring social housing in Concord’s now-jeopardized towers, Concord agreed to give the city two pieces of property on Hastings Street in the downtown eastside that the city could use for social housing.