[Dnfd_announce] URGENT March & rally to stop Pantages condos & gentrification in the DTES (Tues Dec 11, 2pm)

[Ivan Drury]

March to block condos from the 100-block and defend Downtown Eastside
low-income communities against gentrification and displacement

STOP PANTAGES CONDOS!
SOCIAL HOUSING NOT DISPLACEMENT!
SAY NO TO THE BC HOUSING BAILOUT OF SEQUEL 138 CONDOS!
Tuesday December 11
Rally & march meeting 2pm
In front of the Pantages demolition site at the blue wall
(About 138 E Hastings)

The developer who wants to build condos on the 100-block of E Hastings has
recently announced a plan to start his sales. This project is part of a
siege of the DTES by new condo projects that are driving up land prices and
rents in hotels. Meanwhile, cops are clearing the streets and boutique
shops are pushing out low-income serving stores and services.

The sales drive (whether imagined or a real threat) is backed by BC Housing
dollars. A recent Province news article revealed that BC Housing bailed the
Sequel 138 condos from the brink of foreclosure in the early summer with a
low-interest $3.75M loan and promises $20M more to help with construction.
Are Sequel 138 to be BC Housing's first condos? (See more info below)

On Tuesday December 11 we will rally and march to demand social housing not
expensive condos! People not profit! Stop gentrification! Community not
displacement!

Organized by DTES Not for Developers Coalition
http://dtesnotfordevelopers.wordpress.com


--BACKGROUNDER--

FOR IMMEDIATE RELEASE
December 6, 2012

BC HOUSING BAILS OUT CONDO DEVELOPER WHILE HOMELESSNESS CONTINUES

Vancouver, Unceded Coast Salish Territory- Residents and organizations in
the Downtown Eastside are outraged and alarmed at the recent news that BC
Housing gave Sequel 138 condo developer Marc Williams a $3.75 million loan
(at 1.29 percent interest) for pre-construction costs and may provide
around $20 million to fund construction for condos at the Pantages site.
According to news reports that interest rate is well below the going bank
rate of 4 to 8 percent.

"About 850 people in the Downtown Eastside are homeless and another 3500
are surviving in totally inadequate hotel rooms,” said Beatrice Starr of
the DTES Power of Women Group. “BC Housing's mandate is to develop, manage
and administer subsidized housing, yet it decides to subsidize a condo
developer for a project that will provide only 9 units of welfare rate
social housing, but 79 condos," added Starr. "We have an urgent and
critical need for at least 10,000 units of social housing annually in this
province, yet BC Housing is instead offering corporate welfare and
promoting the gentrification of the Downtown Eastside.”

“The BC Housing loan-subsidy saved Pantages developer Marc Williams from
foreclosure and helped him meet the city order to clean up the demolition
site that we demanded for over a year,” said Rick Alexander of Vancouver
Area Network of Drug Users (VANDU). “I live in the Brandiz hotel next to
the Patanges site. Minister Coleman’s bailout of these condos could
displace me and over 500 more low-income people like me who live in
privately owned SRO hotels on this block. We could get renovicted because
of gentrification. We want Coleman and BC Housing to do their job; end
homelessness, don’t make it worse.”

Over the past year, an active campaign against condos on the Pantages sites
has, thus far, delayed the Sequel 138 development. Over 40 organizations,
housing providers, artists, and social workers have joined 2200 DTES
residents in signing a Community Resolution opposing condos at the old
Pantages Theatre site, stating, “We would not want to be complicit in a
project that will further displace, impoverish, and police residents of the
Downtown Eastside and make people feel more unwelcome in their own
neighbourhood.”

Downtown Eastside residents are demanding a moratorium on all condo
development in the Downtown Eastside until no one is homeless on the
streets, in substandard SROs, or on shelter mats. They are also calling on
Marc Williams to sell the Pantages parcel to the City at the 2010 assessed
value and for the City to buy the site and work with BC Housing to develop
it as 100% resident controlled social housing with low-income community
space on the ground floor.

Mona Woodward, Executive Director of Aboriginal Front Door Society, is
concerned about the impact of condos on the vital services in the 100-block
for the low-income Aboriginal community; “The 100-block is near important
services like AFD which represents off-reserve Aboriginal people. For us,
the fight against gentrification is also against colonialism.”

Recent news suggests that Marc Williams will again be trying to ramp up his
marketing strategy. The Downtown Eastside Not For Developers Coalition has
called for a demonstration against the condo project and for 100% social
housing, Tuesday December 11th at 2 pm at the Pantages site, 138 E.
Hastings.

DTES Not for Developers Coalition
Contact:  Ivan Drury  604 781 7346


--MORE ARTICLES--

"BC Housing bails out Sequel 138 condos," Harold Lavender. DT EAST
Newspaper, December 4 2012
http://dnchome.wordpress.com/2012/12/06/sequelbail/

"BC Housing subsidizes Pantages Condo project," Jean Swanson. The
Mainlander, November 30 2012
http://themainlander.com/2012/11/30/bc-housing-subsidizes-pantages-condo-project/

"Downtown Eastside housing project is sweet deal for developer," Mark
Hasiuk. The Province, November 20 2012
http://www.theprovince.com/entertainment/movie-guide/Downtown+Eastside+housing+project+sweet+deal+developer/7574221/story.html

"Downtown Eastside housing project a 'game-changer' for area, developer
says," Sam Cooper. The Province, November 20 2012
http://www.theprovince.com/entertainment/movie-guide/Downtown+Eastside+housing+project+game+changer+area/7572443/story.html
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