Yaletown is an area of Downtown Vancouver, Canada, bordered by False Creek and Robson and Homer Streets. Formerly a heavy industrial area dominated by warehouses and rail yards, since the 1986 World's Fair it has been transformed into one of the most densely populated neighbourhoods in the city.
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Full History
thumb|upright=0.8|left|Yaletown, as seen from David Lam Park thumb|upright=0.8|left|Mainland Street have several fine dining restaurants Soon after the construction of bridges across False Creek in 1889, railway yards in the area were developed by the Canadian Pacific Railway (CPR) under the leadership of William Cornelius Van Horne. Many of the CPR workers were resettled from Yale, British Columbia, named after chief trader James Murray Yale, thus the name "Yaletown". Many of the brick railway-era buildings survive to this date. 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 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.
Source: Wikipedia