BC land sales reach election target

Province is right on target with income from property sales.

by Tom Fletcher

Black Press

The B.C. government released details of its pre-election property sales last week, showing it came out with more money overall than appraisals or B.C. Assessment Authority values forecast.

Opposition critics called for the disclosure after obtaining government memos that showed a rush to make the deadline for the 2013-14 fiscal year, where the B.C. Liberals campaigned on a balanced budget tabled before the 2013 election.

Development property south of the B.C. legislature beat its appraisal by $13 million, selling for $34 million to help the government meet a $350 million target to end the fiscal year.

A former hospital site in Surrey was sold for $20.5 million, $3 million less than its B.C. Assessment Authority value. Finance ministry records showed the sale price was midway between appraisals commissioned by the government and the buyer.

Finance Minister Mike De Jong said surplus Crown property is sold every year, with about 1,500 properties disposed of in the last 30 years. They will continue, but there won’t be another identified program in future budgets now that post-recession deficits have ended, he said.

NDP finance critic Carole James said there was an obvious rush to meet ministry targets for asset sales, and some could continue to be sold below market value without the public knowing.

Many of the surplus properties are school sites, and there are other transactions with municipalities.

Just Posted

Firefighters battling two blazes on Highway 1 south of Ashcroft

Highway has reopened to single-lane, alternating traffic led by a pilot car so expect delays

Fires on Highway 1, CN mainline keep Ashcroft firefighters busy

Two vehicle fires and a rail fire sparked within an 11-day span

Reports on seniors’ needs, downtown show way forward for Cache Creek

‘I hope they won’t gather dust’ says Cache Creek mayor

Counselling support available for those impacted by wildfires

New, confidential, free service in region designed for families or individuals

Local News Briefs: Come out and rock

Join Rawkn’ Art Camp participants as they show off their accomplishments, and stay for a concert

Disney Plus to launch in Canada in November

Analysts say latest streaming service may escalate cord cutting

B.C. manhunt suspects left cellphone video before they died: family

Family member says Kam McLeod, Bryer Schmegelsky recorded final wishes

Okanagan bus driver assaulted for asking patron not to smoke

59-year-old in hospital with non-life threatening injuries

B.C. sets rules for ride hailing, same minimum fee as taxis

Larger operating areas seen as threat by cab companies

Two hiking families team up to extinguish fire in B.C. backcountry

Children and their parents worked for three hours to ensure safety of the popular hiking region

Vancouver man arrested after pregnant woman’s SUV stolen, then crashed

Police are recommending charges against a 22-year-old Vancouver man

Elections Canada to assess ‘partisan’ climate change rhetoric case by case

People’s Party of Canada Leader Maxime Bernier has said climate change is not an emergency nor caused by human

Unseasonable snow forces campers out of northeastern B.C. provincial park

Storm brought as much as 35 centimetres of snow to the Fort Nelson, Muncho Lake Park-Stone Mountain Park

Most Read