the sale to larco went thru initially, but was stopped by the musqueam.
Is there resolution to this? was larco able to buy sinclair centre?
Quote:
The Federal Court of Canada has put the brakes on the sale of two downtown buildings by the federal government saying the government failed to properly consult with a local first nation.
The Musqueam Indian Band argued that the Sinclair Centre and 401 Burrard Street, both in downtown Vancouver, were within the band’s traditional territory and the federal government had to consult with the band before agreeing to sell the buildings.
In August, the federal government announced it was selling the buildings, along with seven others cross Canada, to Larco Investments Ltd., for $1.64 billion. The sale involved a controversial lease-back that would see Larco own and maintain the buildings which the government would rent from it.
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