Study Asserts Vancouver Waterfront Project 'not Viable As Conceived' | The Columbian

Study Asserts Vancouver Waterfront Project 'not Viable As Conceived' | The Columbian UMass Extension Introduces Their New Website for Clients Looking for High End Real Estate in Vancouver In a market analysis commissioned by Tesoro Corp. and Savage... More

Study Asserts Vancouver Waterfront Project 'not Viable As Conceived' | The Columbian UMass Extension Introduces Their New Website for Clients Looking for High End Real Estate in Vancouver In a market analysis commissioned by Tesoro Corp. and Savage Companies operating together as Vancouver Energy Heartland LLC, a Seattle-based real estate advisory firm, says that under reasonable market input assumptions the waterfront project is not viable as conceived, making an argument about the impacts to value from the proposed terminal irrelevant. Waterfront developer Barry Cain, president of Gramor Development a member, along with local investors, of Columbia Waterfront LLC blasted the analysis as trash. Tesoro and Savage are working against the waterfront, he said Thursday. Theyre working against whats good for the downtown, because what theyre doing is bad. The Heartland analysis, which examines such factors as rents, capitalization rates, and structured parking, is included as part of a 2,16 Less