Subscriber only. Douglas Todd: How 740,000 British Columbians have a stake in the gigantic Oakridge Park project
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Douglas Todd: How 740,000 British Columbians have a stake in the gigantic Oakridge Park project
Knowing the agency responsible for B.C. public-service pensions is behind the high-priced mall raises thorny questions
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More than 740,000 British Columbians have a direct financial interest in the success or failure of Vancouver’s luxury Oakridge Park condominium and shopping development.
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That’s because the massive Oakridge Park project — which opened its high-end mall in May on a site as large as 21 soccer fields — is ultimately co-owned by a B.C. Crown corporation responsible for the pensions of the province’s public-sector employees.
The fast-growing corporation has the forgettable name B.C. Investment Management Corp. In high-finance circles the now-enormous institution, which an NDP........
