Unmanageable Permitting Processes (w/ Todd Yuen, Beedie Industrial)

A robust industrial property sector is vital to the economy. According to a Metro Vancouver study, “Industrial lands serve various purposes, such as warehousing, manufacturing, and supporting emerging technology businesses. They provide essential employment opportunities and contribute to supply chains.” In other words, they are vital to economic growth.

Here’s the challenge, says Todd Yuen of Beedie Industrial. “There’s a critical shortage of industrial lands in Metro Vancouver and we’re losing businesses and their employees to Alberta and other jurisdictions.” The reasons for the shortages are complex, according to the InterVISTAS report, which include “constrained land supply, complex jurisdictional overlaps, and a need to review the development process.”

Yuen says, “To give you an example of the unmanageable permitting process, we just put a new site on the market after seven years of approvals. The wheels within the permitting process turn so slow they create an air of anti-progress."

We invited Todd Yuen, the President of Beedie Industrial, to join us for a Conversation That Matters about the need to build industrial facilities, the impediments to doing so, and the consequences of inaction.

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The views discussed in this video are the opinions of our guests and do not necessarily reflect the opinions of Oh Boy Productions or this show. Any images in this video are for fair use only, as we are a journalism outlet that seeks to illustrate the topic or guest involved.

ctm580 #industriallands #vancouver #realestate

Видео Unmanageable Permitting Processes (w/ Todd Yuen, Beedie Industrial) канала Conversations That Matter