Northeast False Creek (NEFC) is a budding hub of sports, culture, community, commercial and residential real estate. This large quanitity of land has been widely debated on what to do. The area in question stretches from Main and Prior west along Pacific avenue, down to the water and over past BC Place Stadium. NEFC is one of the largest undeveloped urban areas in the city with nothing but parking lots and unused open spaces.
The cities major goals for redeveloping this essential part of the city are:
- Improving the communities and networks between Vancouver's historic neighbourhoods, such as; Chinatown, Strathcona and False Creek.
- Increasing the overall park space in the False Creek area
- Developing the empty land for residential and commercial purposes
- Creating new and affordable housing opportunities
This 9 acre section of the city has a long standing promise to be turned into parkland and a possible urban beach for the local community and city to utilize. Concord Pacific, the owner of the land, currently rents out the land for event parking and to productions such as Cirque du Soleil.
The city lowered the value of the land from the original price of $400,000 to just only $1 to lower the property tax that Concord Pacific was paying on it. This agreement was met on the idea that Concord Pacific would turn a portion of the land into usable park and beach space.
A lot of residents in the area are crying out for the park space due to the massive densification of the city and the lack of usable green space. There is currently a green-light campaign happening amongst residents that would like to see the empty urban space be turned into something beneficial for the whole community.