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Land Speculation: Ubc and Business Groups

land speculation: Funding is secured and planning is underway to build a Skytrain extension along the corridor from Commercial Drive to Arbutus St., which should be by 2025, according to Toronto Star. But the University of British Columbia, some business groups and Vancouver mayor Kennedy Stewart want to extend it all the way to UBC. Stewart said the line to UBC could open by 2030 with council's endorsement. Denis Star Metro Vancouver Wed., Jan. 30, 2019 VANCOUVER City council endorsed a 3.8-billion plan to extend a subway line all the way to UBC along the Broadway corridor, but promised to not repeat mistakes of the past when it comes to rampant land speculation and impact on businesses. Passengers cram aboard a Broadway B-Line bus in September 2018. During the construction of the Canada Line, small businesses struggled and the Metro Vancouver Regional District highlighted a growing disconnect between high-density development of condos near transit stations, which tend to be far out of the price range of the lower-income people who actually use transit. Vancouver city council approved an extension to a planned Skytrain route along the Broadway corridor all the way to UBC. David P. Ball / Star Metro Vancouver It is so important to have you with me when we're negotiating with senior levels of government, Stewart told councillors as the vote was about to pass. ( As reported in the news.