During a recent government meeting, development teams confirmed their readiness to commence construction on three major projects, with a targeted start date in 2026. The timeline hinges on the approval of development agreements early next year, allowing for necessary planning, design, permitting, and funding processes to take place throughout 2024.

A significant highlight of the meeting was the announcement that the City of Vancouver has secured $17.5 million in federal grant funding. This funding will support the construction of critical public infrastructure, specifically the north and east segments of the Grand Loop, which are essential for providing utilities and access to the development sites. The construction of this infrastructure is also slated to begin in 2026, aligning with the private development projects.

The successful acquisition of federal funding was described as a major achievement, facilitating progress on the overall project timeline. The meeting concluded with an invitation for questions, indicating a collaborative approach to addressing any concerns or inquiries from committee members.