[mobglob-discuss] Bid Board of Directors & Conflicts of Interest

[Bella]

IMMEDIATE RELEASE

Subject: Vancouver/Whistler 2010 Olympic Bid Board of Directors & 
Conflicts of Interest: Part II.

The Vancouver-Whistler 2010 Bid Corp Executive continues to assert that 
each Bid Corp Director has entered into a binding agreement prohibiting
the member from benefiting from the 2010 Olympic Games.

No Games 2010 Coalition has examined the Bid Corp Board of Directors and 
their corporate assets and directorships and identified justified cause 
for concern regarding this issue.

We invite the press and public to examine the following facts:

Mr. Caleb Chan (along with brother Tom Chan) has considerable businesses 
assets in British Columbia and abroad. Of particular note are the holdings

in Vancouver, Furry Creek, Whistler, etc. directly impacted by the 2010 
Vancouver/Whistler Olympic Games:
Mr. Chan serves as:
a) President & Chairman, Burrard International
b) President & Chairman, The International Land Group, San Francisco
c) Director, UBC Properties Trust
d) Director, Belkorp Industries Inc. - Through several companies active in

British Columbia, Alberta, Washington, and Oregon, the Belkorp Group owns 
and operates: an extensive portfolio of properties comprising
approximately 1,500 residential apartment suites, five industrial sites,
and Big Sky Golf, an award-winning course, conveniently located near
Whistler in the Pemberton Valley of British Columbia. In addition, the
Belkorp Group invests in various long-term business opportunities as a
merchant banker. Its holdings include significant interests in Rogers
Sugar Income Fund and Canadian Hotel Income Properties Real Estate
Investment Trust (CHIP REIT), an integrated hotel real estate investment
trust focused on mid-market and upscale full-service hotels. CHIP REIT
currently owns or manages 38 hotels with approximately 8,400 rooms. The
Belkorp Group owns and operates four businesses in the pulp and paper
production industry: Newstech BC reprocesses 165,000 tonnes of used
newsprint annually at its ISO9002 production facilities in Coquitlam,
British Columbia, producing recycled pulp for the newsprint industry;
Wastech Services one of the largest privately-owned solid waste management
companies in British Columbia, handles approximately 600,000 tonnes per
annum of municipal waste at three transfer stations in Greater Vancouver
and operates a landfill at Cache Creek for the GVRD ; Belkin Paper Stock
brokers waste paper from suppliers in Western Canada and the U.S. to mills
which use recycled fiber. This company also has established a newsprint
roll splitting and rewinding operation in Coquitlam. Waste-Not Recycling
and Disposal, located in Richmond, British Columbia, provides recycling
and waste removal services for the residential, industrial, commercial,
and institutional sectors of the Greater Vancouver, British Columbia
region.
e) Director, Board of Trustees, Canadian Hotel Income Properties
f) Principal, GolfBC Properties: Kelowna: The Okanagan Golf Club,  The
Bear at Okanagan Golf Club, The Quail at Okanagan Golf Club, Gallagher's
Canyon Golf & Country Club, The Pinnacle Course at Gallagher's Canyon
Whistler: Nicklaus North Golf Course & Crystal Lodge Furry Creek: Furry
Creek Golf & Country Club Vancouver: Mayfair Lakes (Richmond) & Burrard
Golf & Tennis (at Burrard & Alberni, Vancouver) Vancouver Island: Arbutus
Ridge Golf & Country Club (Cobble Hill) & Olympic View Golf Club
(Victoria)
Other GolfBC properties: Burrard Golf & Tennis & The Crystal Lodge,
Whistler
g) Principal, CRC Developments Ltd.( The company owns golf course 
residential developments)
h) Principal, Gallagher's Canyon Land Development Ltd.
i) Nicklaus North, in Whistler, B.C. and Arbutus Ridge on Vancouver Island

are two examples of communities CRC has developed.
j)Currently in the planning stages is the development of a new community 
at  the Olympic View Golf Course in the Victoria area on Vancouver Island
k) Goldenwood Townhouse Project, Whistler, BC
l) member of the advisory board of the Asia Pacific Initiative in 
Vancouver
m) Director, B.C. Housing Management Corporation
n) Director, Land Planning Committee of the Loma Linda University 
Development Corporation
o) Principal, Nancy Greene Lodge and the Crystal Lodge hotel businesses in

Whistler, B.C

The present examination of Mr. Chan’s holdings of hotels, lodges, golf 
courses, office buildings, clubs and residential communities, many located

in the Vancouver/Sea to Sky corridor, begs the obvious question as to ‘how

Mr. Chan could not directly benefit from the Vancouver/Whistler Olympic 
Games?’

NO GAMES 2010 COALTION again demands that all Bid Corp directors disclose 
any potential conflict of interest situations and sign binding agreements 
with the people of British Columbia that they have no financial interests 
in 
the outcome of the 2010 Olympic Bid.

Contact:
Chris Shaw
875-4111 (68373)

Phil LeGood
228-8292



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