B.C. Hydro has taken its plans for two underground electric substations off the table.
The crown corporation says it can no longer afford the price of land the City of Vancouver is charging.
According to a statement from B.C. Hydro CEO Jessica McDonald, the corporation “recently learned that in exchange for the rights to build a substation underneath Emery Barnes Park … the City of Vancouver has asked B.C. Hydro to pay a price based on what it would cost to purchase the land outright.”
McDonald says that amount was “cost prohibitive” for the substations planned for Yaletown and the West End.
The plans drew concerns from the public over what some saw as a “rushed proposal.”
Former Vancouver School Board Trustee Patti Bachus says parents were also concerned about the projects’ proximity to schools.
“On the other hand, it was a way to get additional school space built that government has been very reluctant to fund, despite it being their responsibility…and there had been a suggestion there could be some childcare spaces as well,” says Bachus.
This announcement comes just two days after Hydro said it was adjusting its plans following public consultations.