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Premier Christy Clark looks on as British Columbia Finance Minister Mike de Jong leaves the Legislature after tabling the budget in Victoria, Tuesday, Feb. 19, 2013. (Jonathan Hayward/THE CANADIAN PRESS)
Premier Christy Clark looks on as British Columbia Finance Minister Mike de Jong leaves the Legislature after tabling the budget in Victoria, Tuesday, Feb. 19, 2013. (Jonathan Hayward/THE CANADIAN PRESS)

Budget surplus pinned to asset sales Add to ...

The B.C. Liberal government forecast a slim $197-million surplus with a big assist from property asset sales.

Sixteen properties are earmarked for sale to provide proceeds of $260-million in the 2013-14 fiscal year. But that figure does not include the previously announced $300-million sale of the province’s Little Mountain property in Vancouver, nor $30-million from divesting a Liquor Distribution Branch warehouse.

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All told, the gross asset sales could amount to more than $800-million.

The 16 assets to be sold include North Saanich Middle School, vacant land near Victoria General Hospital, a parking lot near the B.C. legislative buildings and two vacant lots in Surrey.

“We have about 100 surplus properties and assets, and we are continuing a process to turn them into economic generators – providing amenities such as housing, health care and long-term residential care on what are now, for the most part, vacant or underutilized lands,” B.C. Finance Minister Michael de Jong said Tuesday.

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