Burnaby NewsLeader, October 22, 2014

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One last hOldup On railway tracks

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FrOm FOlk music tO FOund art

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can burnaby Fix hOmelessness?

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before she got ms, she hadn’t travelled internationally. now she’s been to more than 110 countries. See Page A5

wednesday

OctOber 22 2014 www.burnabynewsleader.com

A new arena, and arts centre? Priority projects part of proposed changes to policy Wanda chow

wchow@burnabynewsleader.com

MArIO bArteL/NeWSLeADer

dianne mcleod and lisa langlet are ready to celebrate a steampunk halloween at burnaby Village museum. the Victorian industrial era is one of the themes for this year’s haunted Village which runs from Oct. 23-26, from 6 to 9 p.m. For more information, including admission rates, go to www.burnabyvillagemuseum.ca

Holdom property tied up in legal battle Prospective buyer claims owner reneged on sale, owner alleges fraud Wanda chow

wchow@burnabynewsleader.com

At 4.5 acres, the property where Revs Bowling Centre sits beside Holdom SkyTrain station would appear to be ripe for redevelopment. But don’t count on new highrises going up anytime soon. For almost two years it’s been caught in a legal tug-of-war between the owner and a

prospective buyer. Holdings (Canada) Ltd., led by The owner claims the fact Xiao Dong (Allen) Liu, filed a the land could lawsuit against be rezoned for Brentwood Lanes higher density Canada Ltd., which YouYi Group Holdings redevelopment than the allegations are ‘wholly owns the Burnaby he realized was kept unfounded and a bad faith bowling centre from him and that attempt...to avoid their obli- property, as well gations under the contracts.’ as others in Maple other wrongdoings took place, so he Ridge and Ontario. refused to go through with the sales YouYi’s statement of claim contract. outlined the transaction in which The buyer denies the allegations. offshoots of its company agreed to In December 2012, YouYi Group buy the property at 5502 Lougheed

Your Burnaby Specialist

Eddie Yan

604-722-7309 www.

EddieYan.ca

cHOIcequotes

We offer

FREE HOME STAGING

Hwy. for $28.8 million in a contract signed in October 2011. It was to pay deposits totaling $450,000 and the sale was to complete on Dec. 19, 2012. It also had a contract to buy the 4.2-acre Maple Ridge property for $3.2 million in a similar deal. Since then, YouYi says, it has retained an architectural firm to prepare a concept for a three-tower development and commissioned engineering reports to ensure the plan is feasible.

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A new performing arts centre in Metrotown, an arena in Edmonds, and new Brentwood and Cameron community centres. Such projects are among the new priorities and changes being proposed for Burnaby’s community benefit bonus policy, which council was to consider on Monday. Since the policy’s inception in 1997, Burnaby has received more than $154 million in cash and community amenities in exchange for city hall allowing additional density to be built on specific development sites, said a city staff report. When an amenity, such as non-profit office space, a seniors centre or childcare facility, for example, can’t be accommodated within a development project, the developer gives the city a cash contribution instead. Until now, that money has been deposited in accounts to be used on future amenities within the same town centre as the development it came from. please see Ice AreNA eYeD fOr eDMONDS, A4


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