Parents say they are frustrated with a recent Vancouver city council decision to rezone a portion of land owned by the school board to allow a six-storey rental building.
While the Vancouver School Board (VSB) announced it would dispose of the southern portion of land at Sir Sandford Fleming Elementary more than a year ago, the rezoning decision came to council Thursday last week.
The development at 1401-1455 East 49th Ave. is expected to include about 87 rental units, with 20 per cent of the residential floor area rented at below-market rates, according to a city staff report .
The VSB leased the land, which currently houses basketball courts, to developer Vittori Lanark Holdings Ltd. in a 99-year, $8.5-million deal.
Vancouver School Board criticized over 99-year lease to developer

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