In the year 2000, the Government of Canada gave the Squamish First Nations $92.5 million dollars, to settle land claims in Kitsilano, Squamish, North Vancouver and more than a dozen other locations.
The Squamish Band wanted 86 acres of land in Kitsilano " located at the south end of Burrard Street Bridge. This parcel includes part of Vanier Park, the southern road access to Burrard Street Bridge, the Molson Brewery, the Armoury, a high-rise building, the CPR Railway line and other parcels of land." (From: "Bulletin 7 Trust Action - Claims Not Settled - Squamish Nation.")
The Kitsilano SAR station is located north of the Burrard Bridge, therefore the property was not included in The Kitsilano Agreement.
Thirteen years ago, Canada Lands Company entered into negotiations with the Squamish Band, regarding 411 acres of waterfront land located at the north end of Lions Gate Bridge, Vancouver. (From: 1999-2000 to 2003-2004 Canada Lands Company - Page 10.)
"The broader value of these initiatives is the possible participation by CLC with other First Nations in the planning and development of surplus strategic property in B.C., such as Jericho, CFB Chilliwack, DND/Coast Guard Richmond, etc."
CFB Jericho Beach, CFB Chilliwack and the Coast Guard base in Richmond, B.C. were transferred to Canada Lands Company between 2001 and 2011.
A memo obtained by Vancouver Councillor Kerry Jang suggested that the Kitsilano base was closed, to expedite the sale of three oceanfront properties to the First Nations.
The Fraser Institute and Canada Lands Company are ideological partners---the Fraser Institute makes recommendations:
"Canada Lands Company (Ltd.) has 12 properties in British Columbia for sale, comprised of 301.6 acres as of February 16, 1996. Canada Lands Company should work closely with professional realtors in British Columbia to sell surplus federal properties and obtain the best price possible for Canadian taxpayers." (From: "Introduction When a Country".)
while the CLC actualizes/carries out the recommendations.
If I lived in British Columbia, I would pay close attention to the Provincial Capital Commission, a Crown corporation that owns heritage properties; and Canada Place in Vancouver, built on CPR land during the mid-1980's.