Len Barrie Joins Cowichan Valley 🏞️
Len Barrie relocates to Cowichan Valley, a scenic waterfront area surrounded by trees and mountains. More details at CTV Vancouver Island.
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7.8K views • Jan 31, 2012
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YOUBOU - A pristine waterfront view nestled amongst trees in the shadow of mountains.
In this up and coming Youbou neighbourhood homes are not cheap; the land along is worth more than a million dollars.
And it is here Len Barrie, the former president of Bear Mountain, now calls home.
A man now shrouded in financial turmoil; his personal and business dealings the subject of a number of court actions.
Until Friday last week the former hockey player lived at the summit of Bear Mountain in a 12 thousand foot mansion listed on the market for $10 million.
HSBC foreclosed on the property last year and earlier this month the court granted the bank a possession order.
The bank appointed the president of Bear Mountain Land Holdings as receiver forcing Barrie and his family to leave
It was the latest in a series of setbacks for the former Bear Mountain executive, forced out in 2010 when the bank took over the real estate development and golf resort he built .
More recently the Bellagio Resort and Casino in Las Vegas served Barrie with a lawsuit claiming he owes it more than $2 million.
But, it appears his financial troubles don't end there.
Court documents show the lakeside property in Youbou is the subject of foreclosure proceedings along with a number of other properties held by Len Barrie and his wife.
Follow Stephen Andrew on Twitter: http://www.twitter.com/CTVNewsStephen
http://www.facebook.com/ctvvi
YOUBOU - A pristine waterfront view nestled amongst trees in the shadow of mountains.
In this up and coming Youbou neighbourhood homes are not cheap; the land along is worth more than a million dollars.
And it is here Len Barrie, the former president of Bear Mountain, now calls home.
A man now shrouded in financial turmoil; his personal and business dealings the subject of a number of court actions.
Until Friday last week the former hockey player lived at the summit of Bear Mountain in a 12 thousand foot mansion listed on the market for $10 million.
HSBC foreclosed on the property last year and earlier this month the court granted the bank a possession order.
The bank appointed the president of Bear Mountain Land Holdings as receiver forcing Barrie and his family to leave
It was the latest in a series of setbacks for the former Bear Mountain executive, forced out in 2010 when the bank took over the real estate development and golf resort he built .
More recently the Bellagio Resort and Casino in Las Vegas served Barrie with a lawsuit claiming he owes it more than $2 million.
But, it appears his financial troubles don't end there.
Court documents show the lakeside property in Youbou is the subject of foreclosure proceedings along with a number of other properties held by Len Barrie and his wife.
Follow Stephen Andrew on Twitter: http://www.twitter.com/CTVNewsStephen
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7.8K
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Duration
2:46
Published
Jan 31, 2012
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