Yaletown 1.38

Yaletown is an area of Downtown Vancouver approximately bordered by False Creek and by Robson and Homer Streets. Formerly a heavy industrial area dominated by warehouses and rail yards, since the Expo 86 it has been transformed into one of the most densely populated neighbourhoods in the city. The marinas, parks, high rise apartment blocks, and converted heritage buildings constitute one of the most significant urban regeneration projects in North America.HistoryAs with much of Vancouver, the Canadian Pacific Railway had a huge influence on the shaping of Yaletown. By the 1880s, the line had reached Yale, a then-large town and the former centre of the Fraser Canyon Gold Rush 240 km (150 miles) to the east, which served as the location of the company repair shops, and housed a sizeable rail worker population. As the line was extended to Vancouver, these Yale residents followed it to the city, and settled in modest housing close to the yards in an area soon dubbed Yaletown.As the years progressed, the proximity of False Creek and the railway meant that Yaletown became heavily industrial. Many factories, rail buildings and warehouses were built, many of which survive to this day.After the real-estate boom and bust cycles of the 20th century, the area became shoddy and contaminated, and was bought up by the city. After the 1986 World's Fair (Expo 86), held on neighbouring former-industrial land, the whole area became ripe for development. The site was sold to Hong Kong-based developer Li Ka-shing, setting in motion the redevelopment process which continues to this day.