Bitter lawsuit between wealthy developers reveals delays, downsizing of Yaletown affordable housing plan was inevitable
JOANNE LEE-YOUNG & LORI CULBERT (Vancouver Sun)
Thirty years ago, a deal between the provincial government and a private developer earmarked six large lots in Yaletown for affordable housing. Several weeks ago, the city announced affordable housing would be built on just three of the lots.
Two business tycoons waged a little-known and vicious battle in and out of B.C. court over six empty Yaletown lots, assessed at a pittance because for three decades they have been designated for affordable housing.
The high-stakes feud quietly escalated in B.C. courtrooms over several years, pulling in heirs, related companies and executives from the two sides. It dragged some reputations through the mud and, at times, left Vancouver city officials hanging in the middle.