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With fewer people taking transit, Vancouver's TransLink gets into the real estate business

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TransLink is turning to real estate development as a way to bring in the money it needs for expansion plans, as it deals with the impact of years of decreased ridership.

The SkyTrain is pictured in Burnaby, B.C., Tuesday, April 14, 2020. THE CANADIAN PRESS/Jonathan Hayward

TransLink's ridership hasn't bounced back since the sudden dip prompted by the spread of COVID-19, and the company estimates that it'll be dealing with the effects of the pandemic for years to come.that the uncertainty about its financial future had it looking for long-term solutions.

 

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How is it even possible? Maybe the price is through the roof and people can't afford it? Did anyone look into it?

Why are fewer people taking transit, should we find out why?

'Rent one of our new Living Stalls On-The-Go! $3,500/month, sleeps 1/2 of a person, shared bathroom, constantly changing scenery!'

So hundreds of millions of dollars for public transit and they are spending it on real estate? 🤨🤔

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