TransLink branching into real estate development

TransLink is getting into the lucrative real estate development business with an eye to building for-profit residential, commercial and mixed-use developments near transit amenities.

CEO Kevin Quinn said the drop in ridership and revenue during the COVID-19 pandemic has made the public transit provider realize it needs to diversify how it generates additional revenue that doesn’t rely on taxation. 

During the COVID-19 pandemic, TransLink received government subsidies of $676 million. 

“While we continue to bring riders back to the system after a very difficult two years, this initiative is a creative way to generate funding for essential Metro Vancouver transit services,” said Quinn.

According to Gordon Price, former Vancouver city councillor and director of

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