History
The creation of the University Endowment Lands was first proposed after the passing of the University Endowment Act of 1907, in which the British Columbia provincial government agreed to set aside two million acres (8,000 km2) of British Columbia Crown land to be sold or leased to fund the creation of a university. This land was to be in the Cariboo region of the province's Interior, and consisted of mostly agricultural land. This idea was changed in 1911 when the provincial government passed the University Site Act, which set aside 175 acres (71 ha) in Point Grey for the university. This is where the UEL is located today.
By 1920, it was realized that the Cariboo land did not have a high enough market value to generate the income needed for the university, so that idea was abandoned. This led to the British Columbia University Loan Act, which allowed the Lieutenant-Governor to sell 3,000 acres (12 km2) of Crown land on Point Grey for residential development. The money from the auction was put in the University Endowment Account for the university.
However, a lot of the development that was planned was halted due to economic hardships stemming from the Great Depression. The university could not afford to prepare the land for development or to clear the forest land for development. In the 1930s, the university returned control of the land to the government. By the mid-1950s, over half of the undeveloped land in the UEL remained undeveloped due to the Depression and war shortages in the 1940s.
There have been many attempts to develop this land, which was then opposed by environmentally aware residents in the area. In 1988, the creation of Pacific Spirit Park was announced by the provincial Premier Bill Vander Zalm. The park currently makes up of over half of the UEL, acting as a greenbelt between the developed areas and the City of Vancouver. Development, in large part, is very limited—for any proposed developments in the UEL by the Greater Vancouver Regional District or the University of British Columbia, the following groups must be consulted beforehand: university students, university staff, university faculty, environmental groups, businesses, residents and the general public.
Read more about this topic: University Endowment Lands
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