Similar to YVR Airport’s approach, UBC may decide to kick in some money and other inducements and approach senior governments to help pay for running the Broadway subway from Arbutus to UBC. The distance is around 7 km, a longer distance than the currently-underway Broadway Millennium Line extension that stops at Arbutus.
Perhaps the owners and developers of the 92-acre Jericho Lands should get onboard for this ride — making their development transit-oriented, benefitting themselves and benefitting the city as a whole.
Words from UBC’s President, Santa Ono:
Check out the plan.
According to University News:
Building on recent news of funding for the Millennium Line Broadway Extension to Arbutus, UBC’s Board of Governors today endorsed an advocacy strategy to accelerate completion of the SkyTrain line to the university’s Point Grey campus.
The need for improved regional transit connectivity emerged as a key theme during consultations on UBC’s new Strategic Plan and pursuing an accelerated investment in rail rapid transit to campus directly supports the plan’s three themes: collaboration, inclusion and innovation.
UBC’s Board endorsed an exploration of a direct contribution from UBC along with other partners towards the project . . .
UBC is B.C.’s third-largest employment centre after downtown Vancouver and Central Broadway, and one of the region’s busiest transit destinations with over 1,000 buses a day.
Kenneth Chan writes in the Daily Hive:
The amount and nature of UBC’s contribution will depend on the outcomes of technical work to understand project scope and costs, consultation with the UBC and external community, and discussions with other partners.
This contribution could include the following combination:
- Land for stations (Example: similar to York University providing land for the recent Toronto-York Spadina Subway extension)
- Charges collected from developers (Example: similar to the City of Richmond’s fees from the new developments to help fund the new Capstan Way Station)
- A financial contribution from new revenues generated by rapid transit (Example: Vancouver International Airport provided the $300 million needed to build the Sea Island span of the Canada Line)
As Jordan McElroy writes at CBC News:
UBC’s board of governors passed a motion on Thursday endorsing talks with other levels of government to extend the rapid transit line, and to explore contributing to its cost, provided it doesn’t come from academic funds.
. . . Funding for that [existing] extension has been mostly secured in recent months, and UBC Vice-President for External Relations Philip Steenkamp told the board of governors there was a “narrow window to accelerate completion to UBC.”
The university has not said how much of the estimated $3 billion cost it would be willing to provide, but suggested a contribution could come from the sale of land, developer charges, or an extra levy, similar to the Canada Line extension to YVR.