In the past year, we've heard a boatload of rumours about Bear Mountain going bankrupt, getting sold, seeking re-financing and more, including bizarre stories about men in black! helicopters at midnight! hookers and blow! etc. But now the
Globe and Mail has brought some of the financial facts to light, and yes, it's shaping up to be just as
sordid as you'd expect.
Barrie accused of misusing funds
UPDATED Wed. Sept. 2
David Shoalts, Globe and Mail. Photo: Bruce Bennett/Getty Images
Len Barrie took money improperly from the Bear Mountain resort and its investors in order to pay for his share of the Tampa Bay Lightning, according to a member of the real-estate development's executive committee.
Scott Bye, a financial adviser to a group of NHL players who was appointed to Bear Mountain's executive committee after the players became concerned about its finances, said yesterday that Barrie, the chief executive officer of Bear Mountain, owes the company "between $16-million and $20-million dollars."
Barrie told The Globe and Mail on Monday that all of the money in question was either paid back or accounted for, following a damning report by the company's auditor, but Bye said yesterday this was not true.
"To my knowledge, zero," Bye said in a telephone interview from his office in Fargo, N.D., when he was asked how much of the disputed money was paid back by Barrie.
Read the rest.
Bear Mountain may indeed be
a money-losing bottomless pit (
as we predicted last week) but will it turn out to be a money-losing bottomless pit
run by thieving criminal lunatics? That's the question of the day!
Related: Where's Len Barrie's Bailout?
Toxic sludge! Super-mineralized semi-liquid refreshment, straight from the 19th hole. A lifetime dose of manganese in every mouthful!Why Boycott Bear Mountain?
Would you support a company that paves over rare species, breaks its promises, relies on force and intimidation, and destroys native cultural sites?
Here on Vancouver Island, Bear Mountain Resort has earned a reputation for conflict and racism. Since 2006, company officials have bullied and intimidated First Nations leaders and environmentalists in their rush to develop sensitive ecosystems and cultural sites. Bear Mountain owner Len Barrie and his top deputy Les Bjola admitted to reporters that they orchestrated two violent confrontations that sent a hundred Bear Mountain construction workers to confront a native gathering at Spaet Cave in 2006 and a small rally on the highway in 2008. Encouraged by their bosses, the contractors - including workers for Scansa Construction - swarmed both gatherings en masse, and pushed, shoved, kicked, spat at and threatened native leaders and local conservationists. Their actions were captured by TV cameras and YouTube and shocked the community.
Barrie brags about destroying the sacred cave and sending his goon squad to abuse native elders. His resort is built on native grave sites. He destroyed beautiful and rare ecosystems to build a tacky golf resort on a windy, cold mountaintop. His arrogance and double-dealing have made him one of the most-hated men on Vancouver Island.
Barrie and his investors chose to make backroom deals with the City of Langford and the province to fast-track his resort development. He chose not to consult with local residents, respect aboriginal rights, comply with environmental best practices, or accommodate the community in any significant way. And now he is facing the consequences.
Why would ANYONE do business with Bear Mountain Resort?
Lot A, Plan VIP81958, Sec. 81/82/84, Bear Mountain Parkway (outlined in blue). It's just past the "tunnel" on the way to the resort, for local reference. Photo credit: CRD.
