The Butterfly generated one of the largest community amenity contribution in the history of Vancouver. $91,305,225 will go to the City for uses including but not limited to:
Church Heritage Restoration Premium Costs ($21,700,000)
Affordable Housing Credit ($6,500,000)
Cash CACs ($63,105,225)
- Contingency for Church Heritage Restoration Work ($4,300,000)
- Strategic and city-wide public benefits ($6,000,000) — This $6.0 million allocation will be targeted to support strategic city-wide public benefits in the area of housing and other Council priorities, such as housing site acquisition at 356 East Hastings Street.
- West End Public Benefit Strategy ($52,805,225) — The West End Public Benefit Strategy (PBS) identifies public benefits and infrastructure to support growth in the West End. The CACs offered will support both short-term and long-term priorities in and around the plan area. As cash CACs are received from this and other rezonings, funding will be earmarked for specific priority projects to optimize the efficient delivery of the PBS. The recommended preliminary allocation of the cash CAC from this rezoning is as follows:
- Community and Civic Facilities ($21,000,000) — To support delivery of new facilities or the expansion of existing facilities used for recreation, library, public safety and/or cultural spaces. Examples of these facilities include the Vancouver Aquatic Centre, West End Community Centre complex, and area Fire Halls.
- Parks and Open Spaces ($10,500,000) — To support delivery of new or expanded parks and open spaces, such as improvement in the waterfront parks to accommodate increased demand associated with growth, future phases of the Davie Village public space improvements plan and/or other parking improvements in the area.
- Childcare ($10,500,000) — To support delivery of new or expanded childcare facilities. This may include the construction of a 69-space facility for 0-4 year olds and new school-age care at the West End Community Centre, new and expanded childcare in elementary schools to be renewed (Lord Roberts, Coal Harbour) and/or potential top-up funds for projects in West End market developments.
- Transportation ($8,000,000) — To support transportation improvements, such as the Bute Street greenway and/or other pedestrian and cycling improvements in the area. CD-1 Rezoning: 969 Burrard Street and 1019-1045 Nelson Street – RTS 12069 25
- Affordable Housing ($2,805,225) — To be allocated to the Affordable Housing Reserve to increase the City’s affordable housing supply, which may include strategic site acquisitions for future supportive housing and/or social housing projects.
This CAC will further contribute to restoring and seismically upgrading one of Vancouver’s historic buildings, First Baptist Church, which is significantly at risk of collapse in a seismic event. The Butterfly will further allow the church to expand its social services programing and outreach to the community.