{"id":342074,"date":"2025-12-13T06:45:09","date_gmt":"2025-12-13T06:45:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/342074\/"},"modified":"2025-12-13T06:45:09","modified_gmt":"2025-12-13T06:45:09","slug":"b-c-plans-150-million-in-loan-guarantees-for-private-landowners-in-cowichan-title-area","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/342074\/","title":{"rendered":"B.C. plans $150-million in loan guarantees for private landowners in Cowichan title area"},"content":{"rendered":"<p><a style=\"display:block\" href=\"https:\/\/www.theglobeandmail.com\/resizer\/v2\/OORHBNW64NBT5HFH4BW4BA3V7M.JPG?auth=55ce4d8eb94aeb9dade1eec4e280c4819f299c7926b893bd36624d367e89a190&amp;width=600&amp;height=400&amp;quality=80&amp;focal=2914%2C1528\" aria-haspopup=\"true\" data-photo-viewer-index=\"0\" rel=\"nofollow noopener\" target=\"_blank\">Open this photo in gallery:<\/a><\/p>\n<p class=\"figcap-text\">B.C. Premier David Eby Eby says the final amount could be significantly larger because current plans do not yet account for significant &#8216;additional commercial activity&#8217; in the Aboriginal title area.DARRYL DYCK\/The Canadian Press<\/p>\n<p class=\"c-article-body__text text-pr-5\">British Columbia Premier <a href=\"https:\/\/www.theglobeandmail.com\/topics\/david-eby\/\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.theglobeandmail.com\/topics\/david-eby\/\">David Eby<\/a> says his government plans to offer private owners of land in the Cowichan Aboriginal title area more than $150-million in loan guarantees, amid fears about the impact of the landmark ruling on their financing.<\/p>\n<p class=\"c-article-body__text text-pr-5\">He says the fund could include $100-million in guaranteed financing for Montrose Properties, the biggest private owner in the Aboriginal title area, and a further $54-million for smaller owners.<\/p>\n<p class=\"c-article-body__text text-pr-5\">Eby says the final amount could be significantly larger because current plans do not yet account for significant \u201cadditional commercial activity\u201d in the area. <\/p>\n<p class=\"c-article-body__text text-pr-5\">Montrose, which owns about 120 hectares of the 300-hectare title area in Richmond, B.C., says in legal documents that a previous lender denied it $35-million in financing because of concerns about the ruling, while discussions about a separate project have ceased.<\/p>\n<p class=\"c-article-body__text mv-16 l-inset text-pb-8\" data-sophi-feature=\"interstitial\"><a href=\"https:\/\/www.theglobeandmail.com\/canada\/british-columbia\/article-bc-insider-the-impact-of-the-cowichan-tribes-decision-is-already\/\" rel=\"nofollow noopener\" target=\"_blank\">B.C. Insider: The impact of the Cowichan Tribes decision is already reverberating<\/a><\/p>\n<p class=\"c-article-body__text text-pr-5\">But Eby says Montrose has \u201cidentified about $100-million in financing challenges,\u201d while \u201crough math\u201d on private residential mortgages in the area add up to $54-million.<\/p>\n<p class=\"c-article-body__text text-pr-5\">In August, the B.C. Supreme Court ruled the Cowichan Tribes have Aboriginal title over the land, that Crown and city titles on it are defective and invalid, and the granting of private titles by the government unjustifiably infringed on the Cowichan title, setting off concerns about the impact on private ownership.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: B.C. Premier David Eby Eby says the final amount could be significantly larger&hellip;\n","protected":false},"author":2,"featured_media":342075,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,149489,11488,149488,5470],"class_list":{"0":"post-342074","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-no-promotion","12":"tag-nohp","13":"tag-nopromotion","14":"tag-nostack"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/342074","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=342074"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/342074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/342075"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=342074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=342074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=342074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}