Are SRO rooms being lost in Gastown redevelopment? It depends on who's counting
B.C. Housing says it will replace all 80 single-room-occupancy units that will be lost when the historic Stanley and New Fountain Hotels are torn down and replaced.
But it isn’t that simple because a 1995 city document, Change in Downtown SRO Stock 1970-1994, listed the two hotels in Gastown as having 103 of the low-rent rooms, not 80.
The City of Vancouver can charge a developer $125,000 for each SRO room lost through a redevelopment. This means B.C. Housing and its private partner in the
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