Fundraising for the project has been at a virtual standstill for the past two years, since Vancouver’s Chan family, headed by Burrard International Holdings founder Caleb Chan, committed $40 million toward the project now estimated to be worth $355 million, including a $50 million endowment fund. That total does not include the City of Vancouver’s gift of a 99-year lease on land that years ago was valued at $100 million. – BIV
