On Thursday, the Minister of Housing claimed to have completed the sale of Little Mountain to the Holborn Group. The value of the “secret deal”, which had remained confidential until now, was also revealed. That value is said to be in the neighbourhood of $300 million in cash and social housing.
The sale was reported by The Globe and Mail yesterday. The news was not repeated on television. Given the persistent secrecy around the project it is difficult to actually believe anything that the government says about Little Mountain. Perhaps one day the government will actually allow someone from outside of their circle to look at the contract and the terms of the province’s agreement, for the benefit of the public and taxpayers of B.C.
This sale, (if it has in fact been sold) along with the re-election of the Liberal Government may guarantee that the developer will get his way at Little Mountain. Many wished for an alternative universe to the one proposed by the government/developer and we shall all see how it rolls out…
There is currently one social housing building being built on site. It was authorized and re-zoned under extraordinary circumstances, after a small group of tenants (with the support of the community) fought eviction. Read about it here.
The Little Mountain Project.