Newton Businesses Won’t Give Up on LRT – In the News: CBC

NEWTON BUSINESSES WON'T GIVE UP ON LRT

IN THE NEWS: CBC

Businesses in Surrey's Newton area won't give up on LRT

CBC News | Jesse Johnston

October 25, 2018

Land value

Property values along the proposed LRT line have spiked in recent years as developers looked to cash in on some of the higher density housing that's planned near the transit stops.

Joe Varing, who handles land deals for residential development in the Fraser Valley for the Varing Marketing Group, doesn't think land values will drop now that LRT is in jeopardy.

"SkyTrain — if that's the route we're going — will still have B-Line stops that connect, so I think everybody is going to be OK," he said.

"I don't think there's anything to worry about."

Read the rest of the article here: Businesses in Surrey's Newton area won't give up on LRT

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