Indigenous-led joint venture development is changing Metro Vancouver’s skyline – holds key to solving housing crisis

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Expert panel at the 2022 Indigenous Partnership Success Showcase will delve deeper into MST Development Corporation’s model, with the First Nations acquiring more than $1 billion in properties.

Tickets on sale now for the third annual event, chaired by Squamish Nation Chief Ian Campbell and supported by GCT Global Container Terminals and other sponsors

VANCOUVER, British Columbia, May 24, 2022 (GLOBE NEWSWIRE) — Indigenous-led land development partnerships are changing both Metro Vancouver’s urban skyline and the future of local urban First Nations.

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MST Development Corporation is a partnership of the Musqueam Indian Band, Squamish Nation and Tsleil-Waututh Nation, who co-own six properties spanning more than 160 acres of Metro Vancouver valued at over $1 billion. In the latest project, the company is developing a five-acre estate on Marine Drive in West Vancouver into a townhouse community—the first project without a development partner.

on the coming Success Showcase of Indigenous Partnerships in 2022 (IPSS) On May 26-27, MST Development will be joined by Aquilini Development to discuss the indigenous-led joint venture model that is transforming land development in Vancouver – their challenges and successes, and what that means for their nations.

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Entitled New Horizons: BC First Nations Promote Equity Participation in Land Development, the panel will be moderated by Sheryl Rivers and will include David Negrin (MST Development), Councilor Dennis Thomas “Whonoak” (Tsleil-Waututh Nation), and Johnna Sparrow (Aquilini Development). The panel is sponsored by Beedie.

Mr Thomas, whose ancestral name is Whonoak, is an elected councilor of the Tsleil-Waututh Nation in Deep Cove. One of the Doing Business in VancouverIn 2021 top 40 under forty, he has led several nation-owned companies, including a project that installed the largest solar panel on the north coast.

“The three nations together have changed the development process to permeate our way of being,” he says. “With all our development projects underway, we have had the opportunity to involve our members, our elders, adults and youth in embedding our indigenous knowledge systems into the development process and design. Having joint ventures and partnerships allows us to accelerate that vision in a meaningful, mutually beneficial way. Partnerships also enable us to collectively rebuild our economies and business ecosystems.”

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Event Chair Squamish Nation Chief Ian Campbell noted that IPSS is about building relationships that create renewal in economies and communities.

Margareta Dovgal is the event leader of the Indigenous Partnerships Success Showcase, created to bring Indigenous, business and government leaders together for a dialogue on economic reconciliation and shared prosperity through partnership.

“When we founded the Showcase in 2020, we saw important partnerships emerge that would change the face of Canada, both rural and urban, but there was no place to discuss them and learn from the leaders and innovators who made it all possible,” says Dovgal. †

“The era of reconciliation has now arrived, exemplified by new models of indigenous economic empowerment. We look forward to exploring these pioneering approaches, such as the MST partnership, at this year’s meeting.”

Tickets are now available for the event, which will take place in person and virtually on May 26-27 at Vancouver’s Fairmont Pacific Rim on the traditional territories of the xʷməθkʷəy̓əm (Musqueam), Sḵwx̱wú7mesh (Squamish), and Sel̓íl̓witulh (Tsleil-Waututh) Nations.

In addition to patron sponsor GCT Worldwide container terminals IPSS is also supported by platinum sponsors TELUSbeedieand Coastal GasLink† and other valued sponsors.

The full event agenda via this link.

Media contact:

Shawn Hall

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