While I don't shop at Kingsgate Mall, and have no real estate interest in the property, yesterday I headed over to Kingsway and Broadway following my Roundtable Club lunch to discuss the shopping mall's future with Global TV's Kristen Robinson. She was interested in my thoughts on what could be developed on the property once a legal dispute between a Beedie subsidiary company and the Vancouver School Board is resolved. (If you are wondering whether this is the same Beedie Group that eventually won a dispute with the City of Vancouver regarding a high-profile property in Chinatown, you are right.)
Why is the School Board involved in a legal dispute over a shopping centre when there isn't even a school there? Check out this short segment that appeared on last night's Global BC TV News https://globalnews.ca/news/9883404/kingsgate-mall-sale-possibility/
Kingsgate Mall is just one of many publicly owned properties around the Lower Mainland that is going to be disposed and redeveloped at some time in the future. An interesting question is whether it is preferable for these sites to be sold or leased when no longer required for public purposes. The Globe and Mail's Kerry Gold is currently writing a story about this topic which I will post when published.
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