Economic Development
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The goal of the Economic Development department (EcDev) is to improve Musqueam’s current and future asset base to create a level of prosperity that can support the delivery of services to our community members (the shareholders). Sole decision-making of the EcDev revenues rests with Council (the Board of Directors). When considering the properties that are within the reserve lands, EcDev is guided by the Community Planning objectives and direction from the Board.
Garden City Lands Update
In March 2005, Musqueam entered into a MOU partnership with Richmond and Canada Lands Company (CLC) to share in the benefits of ownership. (The MOU included removal from the Agricultural Land Reserve (ALR) and rezoning for residential / commercial use. Attempts to remove the lands from the ALR failed.) Last October, Richmond sent an unsolicited offer to purchase the property from Musqueam and CLC for $59.7 million. This March, the sale to Richmond completed, with an agreement to exchange a property owned by CLC for part of Musqueam’s equity in the Garden City Lands. On April 27, CLC transferred ownership of the Nokia building in Burnaby, which will generate annual income to Musqueam of $1.7million. In consideration of Richmond’s behavior under the terms of its agreement - and the prospects of its future actions related to the property - Musqueam has commenced legal action to protect remaining interests in the MOU.
Economic Development Open House
YOU ARE INVITED
What is Economic Development?
How does it work?
What does it look like at Musqueam?
What does it mean to the community?
What does it mean to me?
BRING YOUR IDEAS, QUESTIONS AND CONCERNS
Over the past year we have taken a hard look at our businesses, our economic assets and how they are being managed. We know that we have many opportunities and we have to make the most of them. We are making necessary and positive changes. For us, economic development will be the driving force providing a sustainable future for Musqueam.
Date: Friday Feb 5 - 3:00PM until 7:00PM
Location: Main boardroom at the Administration office
DOOR PRIZES
FOOD AND REFRESHMENTS
QUESTIONS? Contact Larissa ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) or Dianne ( This e-mail address is being protected from spambots. You need JavaScript enabled to view it ) Ph:604-263-3261
AND MUCH MORE......
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