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The re-development of ICBC's headquarters in North Vancouver into housing could be a template for other publicly-owned properties to be used for housing, Premier David Eby said Monday (June 17). "We are hearing from school boards and health authorities as well as post-secondary institutions about how they can use their land to build housing that may support staff that work in those different sites," he said. "We are also hearing from municipalities that have municipal utility sites or in one case the city hall site that they are planning on re-developing to be able to create housing above the city hall (building).

So there's lots of exciting potential at multiple levels of government around this." Eby made these comments in North Vancouver, where he announced the ICBC property would be re-developed into transit-oriented development. ICBC has been operating at the site for more than 40 years.



Eby said the project is part of government's $394-million commitment to deliver more than 10,000 housing units on government-owned land near transit-hubs over the next 10 to 15 years. Government in 2023 created specific legislation to encourage transit-oriented developments. The North Vancouver project is the third project of its kind, but key details, such as the proposed number of units and their completion date were not immediately available.

Eby said the planning for the waterfront site next to Lonsdale Quay Market will proceed as ICBC begins its expected two-year-long transition to n.

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