Northlands has a clean slate to begin the work to re-purposing it’s 160 acre site. The board is changed, and will work with the city to set up a new governance model. Some 200 shareholders withdrew their right to stage a board election.
City councillors will be tasked with the role of interviewing candidates to become the new Northlands board this summer. Coun. Michael Oshry said the changes came after this week’s AGM.
“The board is going to be 12 individuals. One would be appointed by the city, one from Northlands, and ten would be city of Edmonton interviewees. The one seat that Northlands has is likely from the province but it’s up to them.”
“It’s a big job but the city does this all the time and we will now have 800,000 people to choose from and that’s a good thing for Northlands and a good thing for the city,” Oshry said.
A public hearing at City Hall is scheduled for the end of August to look at the new Northlands, with horse racing gone, Hall D expanded and the Coliseum re-purposed. There’s still that $47 million debt that Northlands wants forgiven as well.
The expectation is to have the interview and selection process done in time to consider the new plan.
Mayor Don Iveson said he’s looking forward to the new make up. “With a little bit of a tighter board, and a tighter shareholder group for any quick decisions that need to be made through the next few months.”
This new board will have improved expertise, like you’d see with Epcor, EEDC, the library and other civic agencies.
“Making sure you have people with legal background,” Iveson said. “Making sure you have accounting background. Making sure you have experience managing different kinds of businesses that are similar to the things that Northlands does. You just want to make sure that you have all of the bases covered on your board and because of Northlands’ old appointment process they didn’t always have that.”
Council will also have to consider the request made by Northlands president and CEO Tim Reid to have the city forgive the $47 million debt that was taken out on the Expo Centre.
An earlier version of this story said the board resigned, when it was the shareholders.
Use this link to view item 6.3 on the city agenda which reviews the Vision 2020 public hearing for Aug 31.