Some positive news for those following the progress of the waterfront revitalization project at the foot of Lonsdale Avenue in North Vancouver.
The $100 million mixed-use development is back in business after coming to a troubling halt this past fall — in the wake of the Wall Street meltdown and ensuing economic uncertainty.
I was surprised to hear construction noise coming from the site when I was in the vicinity this past Friday morning. Apparently, construction resumed on the waterfront as early as Wednesday.
The project, which will include a hotel, conference centre and high-end condominiums, is slated for completion before the 2010 Winter Olympics — although the timeline is ambitious, given delays on the project to date. Two heritage structures on the waterfront land will also be refurbished.
This is all part of the ongoing effort to revitalize not only the North Vancouver waterfront, but also the Lower Lonsdale neighbourhood.
New life is also being breathed into the hopeful centerpiece of the waterfront project, the National Maritime Centre. According to media reports citing City of North Vancouver mayor Darrell Mussatto, the federal government is giving the site consideration for funding as part of its infrastructure-geared national stimulus spending package.