Bear Mountain near Victoria sold

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Posted October 9, 2013 12:57 pm.

This article is more than 5 years old.

VICTORIA (NEWS1130) – A luxury golf resort near Victoria that fell into bankruptcy protection has been sold.

The Bear Mountain project had $300 million in debt when it went under in 2010.

Former NHL player Len Barrie, who convinced other players to invest in the partnership, was removed as CEO. HSBC Bank Canada has owned it since then.

The buyer is a BC-based developer called Ecoasis. It paid an undisclosed price and says it will expand Bear Mountain’s residential offerings and amenities.

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