History
In 2000, the industrial distributor Finning International donated 7.5 hectares (19 acres) of former industrial land in the False Creek flats area of Vancouver to the GNWC Trust formed by the four academic partner institutions. Vancouver to the GNWC Trust formed by the four academic partner institutions.
By way of a trust deed, dated September 15, 2002, management and development of the property was delegated by the four partner institutions to a limited company to act as their trustee, Great Northern Way Campus Ltd.
The GNWC Trust’s board has nine members who are independent from the Centre for Digital Media institution that GNWC operates. The board chair is Morgan Sturdy, "a high tech entrepreneur" and director of Discovery Parks Inc. The company's president is Matthew Carter, who "has an extensive background in real estate finance and development."
As of 2012, GNWC will see its academic program break even financially, and the debt incurred from the site acquisition will be fully repaid.
Read more about this topic: Great Northern Way Campus
Famous quotes containing the word history:
“Both place and time were changed, and I dwelt nearer to those parts of the universe and to those eras in history which had most attracted me.”
—Henry David Thoreau (1817–1862)
“The greatest honor history can bestow is that of peacemaker.”
—Richard M. Nixon (1913–1995)
“Most events recorded in history are more remarkable than important, like eclipses of the sun and moon, by which all are attracted, but whose effects no one takes the trouble to calculate.”
—Henry David Thoreau (1817–1862)