WEDNESDAY May
28 2014
BRIGHT LIGHTS 12
Argyle cabaret night
TASTE 31
Pier 7
SPORT 35
Ultimate growth L o c a l N e w s . L o c a l M at t e r s
INTERACT WITH THE NEWS at N S N E W S .C O M
West Van offers $1 for Binning House Financially troubled trust rebuffs proposal for national heritage site BRENT RICHTER brichter@nsnews.com
The District of West Vancouver has made a formal offer to purchase the historic B.C. Binning House from the near-
bankrupt The Land Conservancy of B.C — for $1. However, the “one” in the district’s offer is going to need a few zeros after it in order to get the blessing of the non-profit’s creditors
who are still owed millions, according to John Shields, TLC manger. The former home of artist and architect of B.C. Binning — thought to be the first example of West Coast Modernism — has been in legal limbo since TLC announced plans last fall to sell the property to a corporation owned by developer Bruno Wall in
order to help pay down $7.5 million owed to creditors.TLC has been in bankruptcy protection since October. A Supreme Court judge ruled in January that TLC couldn’t sell the home until it had sought out an owner who could receive it “on trust for the purpose of its preservation into the future for the public,” as
was stated in the will of Binning’s widow Jessie. Under the district’s proposal,TLC would receive $1 for the Mathers Crescent property and the district would put up $150,000 to $300,000 for restoration and partner with community groups to oversee programming and raise funds to preserve the residence.
“The district’s put a lot of good work into scoping out some of what’s needed,” Shields said. “Unfortunately they’re only offering to do the transfer for $1, which would not be allowable under the (Companies Creditors Arrangement Act) requirements that we realize full value for See Good page 5
Highrises proposed for Lower Capilano JEREMY SHEPHERD jshepherd@nsnews.com
The District of North Vancouver is considering a gateway development in Lower Capilano after an application for two highrise residential towers past first reading Monday. Pacific Gate Investments has applied to build a 23- and a 19-storey tower, housing between 262 and 280 units, on the site occupied by the Grouse Inn and a gas station. Bordered by Curling Road to the north, Capilano Road to the east, and Marine Drive to the south, the development also includes three storey townhouse units, a restaurant, and a fourstorey 31,000-square foot commercial building. The North Shore is going through an unprecedented period of development and nobody is stopping to look at the big picture, according to See Public page 3
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Impawsibly Fun
This summer, visit the Grizzly Lookout, learn all about Grinder and Coola and even have Breakfast with the Bears. Learn more at grousemountain.com/bears