Beedie Wins Mall Rent Dispute
This is a news story, published by Global News, that relates primarily to The Beedie Development Group news.
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Kingsgate Mall propertyGlobal News
•Kingsgate Mall: Developer wins multi-million-dollar rent battle with Vancouver School Board - BC | Globalnews.ca
73% Informative
The Beedie Development Group has been locked in a multi-year battle with the Vancouver School Board .
At issue was how much the property is actually worth.
In 1999 , an arbitration panel ruled immediate use’ meant the land could be developed for an outright” zoning use.
But in 2022 , a panel rejected that interpretation, instead valuing the land at a denser 3.0 FSR conditional use.
In a decision dated Dec. 20, 2024 , the B.C. Supreme Court ruled the 2022 panel had misinterpreted the 1999 decision.
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