The B.C. Supreme Court will hear a petition this month asking for a receiver-manager to oversee the Bear Mountain resort community where two owners are in a dispute that could affect how its golf courses are operated and how its land is developed.Sanovest Holdings Ltd. and 599315 B.C. Ltd.
Ecoasis owns and operates the resort community’s two Jack Nicklaus-designed golf courses and tennis facilities and oversees hundreds of acres of undeveloped land on Bear Mountain. Kusumoto said in his petition to the court that the lease with the hotel expires on June 30 and the partnership will require alternate arrangements for golfers if a new contract isn’t signed.
“The resort partnership will also require alternate arrangements for space for members and a pro shop.” Sanovest claims it hasn’t received any audited financial statements since the end of 2018 from the development partnerships and will be unable to meet the bills as they come due, including $542,000 for accounting and legal services, a $300,000 default payment to the City of Langford for the Bear Mountain Parkway roadwork and $2 million owing vendors and other creditors.Sanovest said legal claims against Ecoasis are mounting — $1.8 million by Langford for the parkway roadwork and $3.
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