January 11, 2024 - Squamish Chief

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EAGLES COUNTED

The annual eagle count in Brackendale is complete

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ASSESSING LOCAL HOUSING

NEW

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The BC Assessments are in

Weekend Forecast Inside

THURSDAY, JANUARY 11, 2024

S Q U A M I S H C H I E F. C O M

NEARLY $100M OWED TO FIVE CREDITORS OF DELAYED SQUAMISH RESORT PROJECT The project is backed by the families that own the Vancouver Canucks and Dallas Stars BOB MACKIN BIV

T

PHOTO BY BRIAN AIKENS

ISABELLE: The ship that is slated to serve as a floatel (worker accommodation) for the construction of the Woodfibre LNG (WLNG) plant in Squamish has arrived in Vancouver from Estonia where it last served as a refuge for folks fleeing the Ukrainian invasion. It still needs a permit from the District of Squamish. Once it has approval, the 169 metre-long Isabelle will be moored at the WLNG site on Howe Sound to house up to 600 construction workers.

PARADISE VALLEY

he two companies behind a delayed ski and snowboard resort near Squamish owe $99.5 million to five creditors. That is according to a Dec. 14 list published by Ernst & Young, the court-appointed receiver for Garibaldi at Squamish Inc. (GAS Inc.) and Garibaldi at Squamish LP (GAS LP). “The receiver will seek to undertake a sales solicitation process for the property with a view of maximizing recovery to stakeholders,” said the Dec. 14 document. It also said that Garibaldi’s most recent financial statements date back to Dec. 31, 2021 and show no cash, but an $80-million book value for property under development. The project is backed by the families that own the Vancouver Canucks and Dallas Stars. Company registrations for the three secured creditors all include Roberto Aquilini as director: GAS: Continued on 5

BRITANNIA BEACH

Rare + peaceful treed 2.99-acre leasehold Crown land accessed via a pedestrian suspension bridge. Property sits above the Cheakamus River. Build your dream in this unique oasis!

Enjoy easy access to the waterfront & forest from this amazing location. Inviting 2 bedroom home w/open plan, wood burning stove, large deck, fenced yard, hot tub + mountain views!er.

2020 Misty’s Lane OFFERED AT $225,000

833 Britannia Way OFFERED AT $895,0000

Top Realtor ® for 30 years PERSONAL REAL ESTATE CORPORATION

604.723.3525 | jennifersale.com

WEST COAST REALTY


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