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A B.C. court ruling recognizing Cowichan Tribes' Aboriginal title halted Montrose's Richmond warehouse project due to legal uncertainty.
Montrose Property Holdings says it lost a lender and a prospective tenant for a Richmond warehouse project after a B.C.
Supreme Court ruling recognized Aboriginal title for the Cowichan Tribes over land including city and port areas.
The company claims the decision, which allows Aboriginal and fee-simple titles to coexist, created legal and financial uncertainty that stalled financing, permitting, and tenant negotiations, despite no direct challenge to private titles.
Montrose plans to seek to reopen the case, citing risks to its business model, while Canada, B.C., Richmond, and two First Nations appeal the ruling.
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Una B. C. El fallo judicial que reconoce el título aborigen de las tribus Cowichan detuvo el proyecto de almacén de Montrose en Richmond debido a la incertidumbre legal.