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THE VOICE OF VANCOUVER NEIGHBOURHOODS

vancourier.com

Hanging up her garters

41 WEEKEND EDITION FRIDAY, NOV. 16, 2012 Vol. 103 No. 92 • Established 1908

NEW FOOD COLUMN: The Big Cheese 37 SPORTS: Lisa Cheung’s winning attitude 39

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Storesfight backagainst BlackFriday

CITY SHOPS OFFERING BIG SALES TO KEEP CUSTOMERS IN B.C. SANDRA THOMAS Staff writer

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number of Vancouver retailers are fighting back against cross-boarder shopping and Black Friday by offering deep discounts and sales. Russ Davies, executive director of the West Fourth Avenue Business Improvement Association, said in an attempt to attract Black Friday crowds many shops along the street are holding weekendlong sales Nov. 23 to 25. Davies noted the area’s strengths lie in fashion, home décor, sports equipment, mobile phones and gadgets, and clothing. “The weekend is going to mirror exactly what’s happening in the U.S.,” said Davies. “It will be like a mini Boxing Day.” Some consider Black Friday, always held the Friday after the American Thanksgiving, as the point in the year when U.S. businesses begin to profit, putting them “in the black.” See RETAILERS on page 4

photo Dan Toulgoet

DIWALI DELIGHTS: Steve Ram, owner of All India Sweets & Restaurant at 49th Avenue and Main Street, shows off an

assortment of Indian sweets that are popular during the five days of Diwali. The festival of lights may be over, but Ram says the sweets will still be available for a short time at his restaurant. See related story on page 13.

OlympicVillage:Two years after the bombshell CITY HOPES TO RECOUP MONEY FROM SALES OF NORTH VAN PROPERTIES BOB MACKIN

Contributing writer

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wo years after placing the Olympic Village into receivership, the city is trying to wring money out of the assets seized from Millennium Development. At a hastily called news conference on Nov. 17, 2010, Mayor

Gregor Robertson revealed that Ernst & Young was put in control of the home-away-from-home for 2010 Winter Olympics athletes after Millennium defaulted on $740 million owed to the city. In March 2011, city hall seized 32 properties estimated to be worth $45 million net from Millennium. The deadline for bids on two of the most lucrative proper-

ties was Nov. 9, but city hall refuses to disclose how many potential buyers expressed interest. “Staff are reviewing the submissions and they will make a presentation to council in the coming weeks,” city communications manager Sandy Swanton told the Courier. The city was offering a “strategically located property assembly” at

199, 127 and 131 Esplanade West in North Vancouver near the Lonsdale Quay Public Market, SeaBus terminal and ICBC headquarters. According to 2011 figures, the properties were appraised at $6.25 million. They include one-storey buildings that house a Starbucks, tailor shop and dry cleaner, plus a parking lot that was appraised at $3.3 million alone.

The other property open for bids until Nov. 9 was 260 Esplanade West, an entire city block with two and three-storey retail and office buildings described by the city as a “commercial investment property with significant redevelopment potential.” In 2011, it was assessed at $19.94 million but appraised at $28.5 million. See BY on page 4

Profile for Glacier Digital

Vancouver Courier November 16 2012  

Vancouver Courier November 16 2012

Vancouver Courier November 16 2012  

Vancouver Courier November 16 2012

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