The City of Vancouver is opening a new affordable housing development.
Councillor Kerry Jang says the Old Ramada Hotel on Kingsway will be opened as a 123-unit non-market housing project, called Kingsway Continental.
“There’s a continental hotel downtown that’s being torn down, and it’s going to be rebuilt, and so this is a place where we can have the seniors living downtown, living until their new rooms are ready. So it’s quite an exciting project, it brings new housing to the neighborhood, and makes sure no one will be displaced while the renovations are going on.”
The city spent 15.5 million on the purchase of the property, and an additional 4.3 million on renovations.