Saturday, March 9, 2013

The BC Liberal government is selling $625 million dollars worth of real estate and other assets "to balance the budget."

Gordon Campbell is British Columbia's de facto premier---his fingerprints are all over the February 19, 2013 provincial budget.
              BRITISH COLUMBIA - Budget and Fiscal Plan - 2013/14 - 2015/16
                           Release of Surplus Assets for Economic Generation
   The public sector routinely disposes of properties and assets considered surplus to its needs...Since 1981, almost 1,500 surplus government properties have been sold in BC. Six hundred and sixteen properties were sold in the 1980's. Between 1991 and 2001, surplus government properties with a value in excess of $500 million (excluding the SUCH sector) or more than $1 billion in today's market. During the 2000's, 406 properties were sold with a value of $381 million. More than 100 properties have been identified as "surplus":

  • a vacant lot on Watkiss Way near Victoria General hospital.
  • a large surplus parcel on Tranquille Road in Kamloops.
  • a surplus parcel at Mission Memorial Hospital.
  • two large vacant lots in Surrey on 192nd Street.
  • a former elementary school in Surrey.
  • a large vacant lot in Burnaby.
  • a former health care facility in Vancouver's Grandview-Woodlands neighbourhood.
  • a vacant lot in Lion's Bay.
  • a former school board office in Surrey.
  • a vacant lot on Keith Road in North Vancouver.
  • the Pearson-Dogwood healthcare redevelopment.
  • North Saanich Middle School.
  • a six-hectare vacant lot in the Panorama neighbourhood in Surrey.
  • a parking lot near the Legislative Buildings in Victoria.
  • a seven hectare site north of Kelowna that was being tentatively held for the new correctional facility.
(From: Pages 42 and 43 of the British Columbia Budget - February 19, 2013.)
The Pearson-Dogwood Redevelopment is a 25.4 acre residential, office, retail and institutional project, located on Cambie Street in Vancouver:

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