Race to build on Columbia River could block Pacific oil route
Vancouver, Washington
ENVIRONMENTAL passions, which run hot in the US northwest over everything from salmon to recycling, generally get couched in the negative: Don't fish too much, don't put those chemicals up the smokestack, don't build in that sensitive area.
But here in this US city in Washington state, some environmental groups are quietly pushing a builder to move even faster with a US$1.3 billion real estate project along the Columbia River that includes office buildings, shops and towers with 3,300 apartments.
The reason is oil.
Three kilometres west of the 13-hectare project, called the Waterfront, one of the biggest proposed oil terminals in the country is going through an environmental review, with plans to transfer North Dakota crude from rail cars to barges. Up to four trains, carrying 360,000 bar…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
US existing home sales drop in March; median price increases
German home building permits tumble 18% in February, extending rout
China national who had Singaporeans front plan to buy East Coast houses pleads guilty
Freddie Mac seeks regulatory approval to back home-equity loans
China national fined S$45,000 for having Singaporeans front plan to buy East Coast houses
Condo rents inch up after 7-month decline; volumes recover: SRX, 99.co