PRESERVING THE PAST is crucial in maintaining the identity of Vancouver, according to Robert Fung.
Salient Group says: Heritage crucial to city
Dharm Makwana, 24 Hours
Should Vancouver lose its architectural past, its cultural identity may fall soon after, according to a real estate developer keen on restoring the city’s historical streetscape.
Robert Fung, president of The Salient Group, noted that,without federal and municipal funding for heritage restoration, projects such as the Flack Block – which re-opened yesterday at 163 West Hastings Street – could never have been realized.
“I believe that the incentive program catalyzed investment of the area that exceeds the return of any of the levels of government funding into this area over the last number of years,” Fung said. “Pouring it into social services is not unneeded but it doesn’t help build the economy… in fact it’s desperately needed – but it was also not creating balance in the neighbourhood.”
The City of Vancouver is reviewing its heritage revitalization incentive program. Its federal counterpart has been cancelled.
The Flack Block is being celebrated as one of the first heritage buildings in North America set to achieve LEED Gold certification from the Canada Green Building Council.
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