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  • Where are you in the planning process / What is the project schedule?
    Port Moody Council approved the Official Community Plan (OCP) amendment on April 26, 2022 A rezoning application, aligned with the approved OCP amendment vision, was submitted to the City in July 2022 The rezoning application received the Second Reading in September 2023 and was referred to Public Hearing. Public Hearing was hosted October 3, Council then moved the Third Reading of the Bylaw. Fourth (and final) Reading of the Zoning Bylaw will occur Spring 2024 (TBC) We anticipate the rezoning process to take 12 - 18 months to complete After receiving Third Reading, we will be looking to make the first Development Permit (DP) application for Phase 1. The DP application may take another 6 - 9 months to complete.
  • What heights are proposed at Coronation Park?
    The rezoning application aligns with the vision approved in the Official Community Plan and includes heights from 4-storey podiums and 6-storey wood-frame buildings to 26-storey buildings (along Ioco Road), up to 31-storeys along Balmoral Drive.
  • How many units are proposed?
    Approximately 2,486 strata homes and 101 market rental homes are proposed. Of the 101 rental homes at least 10% will be dedicated to seniors rental housing. 47% of the total units are planned to be family-oriented homes (2+ bedrooms).
  • What is your plan for the rental units?
    As a family owned company, Wesgroup's plan is to own and operate the rental housing. At least 10% of the rental housing will be dedicated to seniors rental housing and Wesgroup is continuing to look at ways to bring in some affordable rental through opportunities such as BC Housing's Community Housing Fund
  • Are you meeting the city's inclusionary zoning policy?
    The City introduced the new inclusionary zoning policy in April 2022, two years after Wesgroup had begun this process Homes on site had been purchased under the previous policy parameters, before the cost of development increased as a result of the City’s new inclusionary housing policy The policy allows for flexibility in certain circumstances, particularly where a proposal includes other community benefits and where an applicant can demonstrate financial hardship through an economic analysis To date, four third-party financial analyses have been undertaken by either the City or by Wesgroup which have reviewed the viability of adding affordable housing to the project. Any affordable housing provisions will require additional density, community benefit offsets or additional funding from a government agency (such as BC Housing) to offset the cost of building the affordable housing as required BC Housing recently opened the RFP for the Community Housing Fund which Wesgroup will be working on an application for. If successful, this would help reduce rents in the rental building, creating a component of affordable rental housing. Government programs, like the BC Housing’s Community Housing Fund and CMHC Rental Construction Financing Initiative, are another way to help make affordable rental possible. However, before committing funds to a project like Coronation Park, BC Housing and CMHC require rezoning approval.
  • What is the total number of new residents planned for this site?
    The estimated population projection (at full build out) is approximately 4,657, based on an average of 1.8 persons per unit.
  • What does your traffic study say? How will traffic impact the area?
    A transportation impact study, by transportation engineering firm, Creative Transportation Solutions (CTS), has been submitted alongside the rezoning application and is being reviewed by the City The study looks at the surrounding area context including the existing context and anticipated future development context up to the year 2035 (the year that full build out and occupancy is anticipated) and makes recommendations for how any future impacts can be mitigated Some of the recommendations include new turning lanes and intersection upgrades, and other transportation demand management measures. All of the improvements will be detailed in a servicing agreement The development is located within a 5-minute walk to the Inlet Skytrain Station, and it is anticipated that many residents will use transit. The proposal also includes commercial space, so residents will be able to walk to access their daily needs (i.e. groceries, pharmacy, etc.), relying less on vehicles Transit-oriented communities have been shown to shift travel patterns from vehicles to using transit - we have seen this trend occurring in other Metro Vancouver communities such as Downtown New Westminster, Metrotown and the Surrey Central area The City has set out ambitious targets in their Master Transportation Plan including to double the proportion of trips made by Port Moody residents via walking, cycling and transit, and to reduce by 30% the average vehicle distance driven. These can only be achieved by encouraging residents to use alternative forms of transportation In addition to this, Wesgroup will looking to reduce parking, and provide TDM measures such as car share parking, secure bicycle parking for all residents, visitor bicycle parking, transit shelters, and on-going TDM monitoring conducted at the end of each phase.
  • Are you proposing the pedestrian/cycling overpass to Inlet Centre SkyTrain Station?
    The pedestrian overpass is part of the amenity package for the proposal. It would be constructed over Ioco Road, between Barnet Highway and Suterbrook Way, to enhance pedestrian and cyclist connectivity to the SkyTrain network and will also help improve operations at the signalized intersection of Barnet Highway at Ioco Road.
  • What has been done to consider affordable housing?
    To date, four third-party financial analyses have been undertaken by either the City or by Wesgroup which have reviewed the viability of adding affordable housing to the project. These studies have all come to the same conclusion: the project does not have the capacity to deliver affordable housing beyond the requests of the Official Community Plan (OCP) without additional density.
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