Kingsgate Mall: Developer wins multi-million-dollar rent battle with Vancouver School Board - BC
- A major B.C. Developer has won its court battle with the Vancouver School Board over the rent it pays to occupy the Kingsgate Mall.
- The B.C. Supreme Court concluded the 2022 arbitration panel had misinterpreted a previous decision and reinstated the land's market value at $20 million, resulting in $1.65 million annual rent.
- The Vancouver School Board is considering selling or redeveloping the Kingsgate Mall property, which has a long history dating back to the late 1800s.
- The heritage designation of the Fort de Beaumont was upheld by the Quebec Superior Court, preventing a real estate company from building homes on the site.
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Total News Sources0
Leaning Left6Leaning Right2Center0Last UpdatedBias Distribution75% Left
Bias Distribution
- 75% of the sources lean Left
75% Left
L 75%
R 25%
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