A long-standing family feud over one of 麻豆精选's most valuable properties has taken a significant turn.
On May 15, B.C. Supreme Court Justice Kevin Loo approved a $42.6 million bid for the Shasta Mobile Home Park鈥攁n 18.5-acre site on Lakeshore Road. The decision marks a major moment in a dispute that has spanned decades among the Callahan brothers.
Originally acquired by their father, Lloyd Callahan, in the 1960s, the property became a point of division among his sons Ted, Douglas, Bruce, and Robert. While the brothers inherited equal shares, differing opinions about the property's future led to prolonged legal battles.
In 2020, Douglas, Bruce, and Robert voted to liquidate the company owning the park. Ted opposed the move, leading to a series of court proceedings. Despite initial resistance, the B.C. Court of Appeal eventually allowed the liquidation to proceed.
On May 5, Justice Loo unsealed six bids. One was submitted by Ted and two were submitted by corporations related to him鈥擲hasta Properties Ltd. and Midwest Ventures Ltd. Two were submitted by a numbered company (1531519 B.C. Ltd.) controlled by the other brothers. Another bid was submitted by Infinity Properties Ltd., a firm unrelated to the parties.
One of the bids from the numbered company鈥�$46.6 million鈥攊ncluded a promissory note and was deemed non-compliant with the court's requirement for all cash offers. The other bid, at $42.6 million, met all criteria and was approved.
The competing bid from Shasta Properties Ltd., associated with Ted, was higher at $45 million but included conditions related to tenant negotiations and personal financial matters.
Justice Loo found these conditions introduced uncertainty, stating that accepting such a bid would not be in the company's best interests.
