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MOVments: Pocket Change

This week's MOVments is all about the bottom line: money, moola, coin. Well, not exactly. After all, when is business ever really just about business? News of W2's near-eviction from the Woodward's building, TransLink money problems, and falling housing prices, has us thinking about the social and political change that necessarily accompanies fiscal shifts (and vice versa) in our fair city. 

W2.0 After receiving an eviction notice for November 23, W2 Community Media Arts Society has been given a 90-day stay by the City of Vancouver so that it can restructure its finances. Megaphone quotes Councillor Kerry Jang for their article on the situation: “It [W2 Media Café] wasn’t making any money,” said Jang. “The business model that was there clearly wasn’t working. That’s what our city staff and everyone are trying to figure out now: how to reinvent the space, how to reuse the space in order to make a go of it.” But as the comment section for the article suggests, W2's brand of social development may not fit so neatly into a conventionally profitable business model. Problematic? Sure, but it sounds like Mayor Gregor Robertson is supporting the organization in exploring some creative possibilities for a sustainable business plan, at least for the time being. For a thorough exploration of the complex relationship between the city and W2, check out this Globe and Mail article.
 
Mo' Transit, Mo' Problems? In response to the new proposal for a subway system along the Broadway corridor, Pete McMartin has written a rather existential piece for the Vancouver Sun. In it, he poses a couple of philosophical questions about the meaning of, well, TransLink; he asks "Is [TransLink] an agent of change or reactive to change? Does it create cityscape or service it? Most important, in this time when the effects of global warming are making themselves apparent, is it an environmental agency or merely a people mover?" McMartin argues that we need to start answering these questions in order to move away from car-based transportation infrastructure. He also suggests that the Fraser Valley region should take priority over Broadway for rapid transit given the sheer number of vehicles moving from this area to Vancouver everyday. Your thoughts and feelings?
 
Chilly Housing Market. It appears that just as we head into some more wintery weather, the housing market in the Lower Mainland is cooling off as well. As the Vancouver Sun reports "the number of home sales dropped to 10-year lows in the Vancouver area and average sale prices dipped across the region." Some of us don't need to be told that there could be benefits to a drop in housing prices, but the Vancouver Sun makes it official, reporting that while a further drop in prices will hurt some, it would also boost the economy by encouraging movement to BC by both retirees and first-time homeowners. As with other economic trends only time will tell where these falling prices will take us but we will be keeping a close eye on the developments.
 
At the MOVeum:
 
January 17 - Built City: Reinvest
 
[Image: W2 Woodward's, Perel Gallery. Photo by Kris Krug]

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