Developers pay for upgraded transit stations

Being near good transport links is often a must-have for homebuyers and developers are prepared to ensure that their projects have the best transit facilities, even if they have to fund them.

Being near good transport links is often a must-have for homebuyers and developers are prepared to ensure that their projects have the best transit facilities, even if they have to fund them. A number of Vancouver transit stations have been upgraded or newly built using funding from developers and it seems to be a good solution for everyone. For TransLink is means better facilities without extra cost to taxpayers; developers are able to attract buyers at higher costs; and buyers benefit from better transit links despite ultimately paying more for their home. Read the full story.