Douglas Magazine June/July 2019

Page 54

Turn a trusted relationship into intelligent investments.

Investing is about working together. Your goals. Our solutions. Jeff Cohen, BA, CFP, FCSI Wealth Advisor Tel: 250-361-2408 jeff.cohen@nbpcd.com

BMO Wealth Management is the brand name for a business group consisting of Bank of Montreal and certain of its affiliates, including BMO Nesbitt Burns Inc., in providing wealth management products and services. ® “BMO (M-bar roundel symbol)” is a registered trademark of Bank of Montreal, used under licence. ® “Nesbitt Burns” is a registered trade-mark of BMO Nesbitt Burns Inc. BMO Nesbitt Burns Inc. is a wholly-owned subsidiary of Bank of Montreal. If you are already a client of BMO Nesbitt Burns, please contact your Investment Advisor for more information.

Member - Canadian Investor Protection Fund. Member of the Investment Industry Regulatory Organization of Canada.

54 DOUGLAS

transportation consultant Todd Litman. “It’s a reflection of the nastiness of current politics where we as bicyclists are supposed to be, you know, an arrogant, pushy subgroup.” Supporters like Litman and Luton all say the cycling network isn’t meant to pressure anyone into cycling. It’s simply there to provide an inexpensive, safe, eco-friendly and healthy transportation option for those who were reluctant to cycle downtown in the past. Litman has a master’s degree in environmental studies and now heads an organization called the Victoria Transport Policy Institute. He can cite studies showing that cycling and walking are far healthier than driving, that bike infrastructure costs a fraction of that of highways and parking spots, and that there are big savings, not just for taxpayers, but also for individual cyclists. Those savings can go back into the economy, whether it’s for essentials like housing or a night on the town. “You don’t have to be an environmentalist,” Litman says. “You can be a selfish tightwad and choose to bicycle.” He and his wife helped finance their children’s education with their savings from not owning a car. It is, he argues, a rational decision to choose the transportation mode that favours your economic interests. Cycling activists bristle at the idea they’re asking commuters to subsidize their travel choices. They argue they’re the ones subsidizing car travel, since City bylaws require developers to provide parking spaces, even when they’re building condos or apartments for residents who may not own cars. That policy “drives up costs enormously,” says Edward Pullman, president of the Greater Victoria Cycling Coalition. Building cycling infrastructure, on the other hand, “gives you much more spending power.” Caught in the middle are those in the business community, particularly the business leaders who have to keep all sides happy. One prominent businessman politely asked me to turn off my recorder before confessing he thought it was unfortunate the debate has become so negative. He actually likes some of the initiatives coming from the much-maligned city council. It also poses a big challenge for the tourist industry. “Our job is to look forward,” says Paul Nursey, the CEO of Destination Greater Victoria. “There is absolutely no doubt that the construction in and around downtown is having a negative short-term impact. Visits to our Visitors’ Centre right in the heart of all the construction downtown are down 25 per cent year over year. I know a lot of the businesses around that area are seeing significant decreases. That being said, I think we definitely view cycling as being one of many experiences that are beneficial to us in the medium to long term.”

It’s all about offering visitors a diversity of choices, says Nursey. “The most successful destinations have lots of things for visitors to see and do, and cycling is part of that mix. The destinations that rely on just one thing are the ones that are least resilient and aren’t able to bounce back from any kind of change in consumer tastes.” Jeff Bray of the Downtown Victoria Business Association (DVBA) sums it up. “We had members who were vehemently opposed to the bike lanes, and I heard from them. And I had members strongly supportive of the bike lanes, and I heard from them.” Bray has had to strike a balance — not unlike someone riding a bike in traffic. His organization didn’t take any position, pro or con. But it does advocate for better consultation and engagement. He thinks it’s paying off, and City Hall is doing a better job of seeking input as it proceeds with building bike lanes on Wharf Street and planning for those on Vancouver Street. As Bray notes, downtown Victoria wasn’t a healthy place just 10 years ago. “It was quiet because there just wasn’t anything happening. And it as very hard for local businesses to make a living …. You’d be dodging tumbleweeds coming down the street at your back.” Now it’s a very different scene. While some may decry downtown’s crowds and the construction, the panhandlers and the parking problems, the business vacancy rate has dropped from 13 per cent to 4.1 per cent in six years. And the city’s unemployment rate of 3 per cent in March was second only to Guelph, Ontario as Canada’s lowest. “Change is never easy,” says Bray, citing the old nostrum. BUILDING WITH A NEW VISION Several others interviewed for this story quote another familiar line: “If you build it, they will come.” Put developer Robert Jawl firmly in that camp. His family firm has just moved into new quarters with a commanding view of Douglas Street and City Hall. The choice reflects both the company’s faith in the downtown economy and its belief that residents welcome new transportation choices. “We’ve made a strategic judgment that we want to invest heavily in the downtown core, and we believe that in the South Island this is the focal point for economic dynamism, retail activity, cultural and social amenities,” Jawl says. The Jawls’ new complex at 1515 Douglas Street includes two storage rooms with space for up to 210 bikes for those who work there. There is also a bike share program. Not only that, on the main floor there’s fashionable dobosala cantina, which opened last year, offering Indo-Pacific cuisine and a “ride


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.