What Are Some Real Estate Connected Jobs I Could Do Although Waiting to Invest? [#AskBP 066]
One of the pieces of advice heard so frequently on the BiggerPockets Podcast is to work in the actual estate business while finding out (and saving up cash) to invest in real estate. On this episode of the #AskBP Podcast, Brandon shares the top jobs that you could do to make funds even though receiving your foot in the true estate door. Remain tuned!
2014 – Vancouver – Alaska Cruise – Lions Gate Bridge – two of three
The ms Zaandam is passing beneath the Lions Gate Bridge in Vancouver BC. This is the aqueduct bridge strategy on the north shore with the north shore mountains in the background.
LIONS GATE BRIDGE:
From Inside Vancouver – 12 June 2012.
To many Vancouverites the Lions Gate Bridge feels component of the fabric of the city. A significant artery connecting downtown and the North Shore. It is a single of our city’s most renowned landmarks.
However the existence of the Lions Gate Bridge is due in massive portion to the determination and entrepreneurial spirit of one particular man – Alfred “AJT” Taylor.
Born 1887 in Victoria, Taylor was an engineering contractor by trade. By the ‘roaring twenties’ Taylor was a single of Vancouver’s up-and-coming entrepreneurs, with business interests throughout BC in mining and construction. Closer to property, he became convinced that true estate gold lay on the forested slopes of West Vancouver.
Back then West Van was a pretty remote and unpopulated place with only 3,000 residents. Because there was no bridge over Burrard Inlet’s ‘first narrows’, receiving to Vancouver suitable from West Van meant taking a ferry or a extended drive by means of the second narrows.
Taylor knew that if a bridge had been built over the first narrows then all of a sudden West Vancouver would become a quite desirable location to reside. Commute times to downtown Vancouver would fall to minutes, rather than hours. He skillfully secured the provincial franchise for the bridge and right away set about the political campaigning needed to win public help.
Taylor had some heavyweight opposition. The Canadian Pacific Railway (CPR) had extensive land-holdings in downtown Vancouver and upscale Shaughnessy. The CPR was worried that any program to develop West Vancouver would imply these prestigious land-holdings becoming devalued. They had been ready to fight, lobbying the City of Vancouver challenging to turn-down the proposal.
Eventually it would go to a vote. Taylor vs. the CPR. In 1927 a plebiscite was place to the citizens of Vancouver on Taylor`s bridge proposal. Interestingly, Vancouverites turned down Taylor`s plans. The cause? A reluctance to construct a road by way of the city’s most prized asset, Stanley Park.
But Taylor was nothing if not determined. After moving to London to lick his wounds and think about his next move, he rapidly utilised his considerable powers of persuasion to convince the wealthy Guinness family to become his economic backers (yes, the identical loved ones whose firm makes the beer!).
Taylor formed a organization, British Pacific Properties Ltd., that was bankrolled by the Guinness family members. With his provincial franchise for the bridge, and now some severe monetary muscle, he was ready for a second assault on the first narrows.
Moving back to Vancouver in 1930 he discovered the Fantastic Depression was beginning to take its toll on BC. With the Municipality of West Vancouver in critical economic problems, he produced them an offer. $75,000 for 4,700 acres of land. Equating to $18.75 an acre. In return Taylor’s organization promised to contribute around $1M of improvements to the municipality, such as creating water mains and installing electric cabling.
(Incidentally, a single acre of land in West Vancouver these days will set you back around $3M – $5M.)
Offered their parlous monetary state the Municipality of West Vancouver gladly accepted Taylor’s low-ball supply and a large piece of Taylor’s puzzle fell into spot. The Great Depression also helped an additional piece of the puzzle move into position. Keeping Stanley Park pristine didn’t feel so important when men and women have been losing their jobs and properties. Any proposal for a large scale building project that would produce jobs and drive further development all of a sudden got a much warmer reception.
Taylor personally financed a second plebiscite in 1933 and this time he got the outcome he wanted. Vancouver’s electorate overwhelmingly supported the project, passing it by 2-1 margin.
Probably inevitably the battle was not yet more than for Taylor. 4 more years of wrangling with the federal government followed his plebiscite win. Undoubtedly the CPR had a hand in dissuading the feds from approving the project, but genuine issues about the effect of the bridge construction on the shipping lane beneath it had been also wrestled over.
Ultimately Prime Minister William Lyon MacKenzie King officially authorized the project in 1936 and operate began on March 31, 1937. Amazingly the shipping lane through Burrard Inlet only closed for one single hour during the whole building of the bridge, at 4.50am on Might 2, 1938. (Beat that Port Mann bridge workers!).
On Nov 12, 1938 the Lions Gate bridge opened and the rest, as they say, is history.
Alfred Taylor died in New York City aged 57 in 1945. According to his wishes, he was cremated and his ashes scattered from the Lions Gate Bridge. Subsequent time you stroll beneath the Lions Gate on a stroll round the Stanley Park seawall, spare a thought for one of city’s most driven entrepreneurs – the man who constructed the Lions Gate bridge.
By Ted’s images – For Me & You on 2014-06-01 00:00:00
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