WORK IN PROGRESS

BC Business Magazine - - Celebrating 45 Years -

1994: Con­struc­tion be­gins on a new con­tainer ter­mi­nal, known as Delta­port, be­side the Roberts Bank coal port; open­ing in spring 1997, it ef­fec­tively dou­bles ca­pac­ity at Van­cou­ver's port. Ten years later, the Fraser River Port Au­thor­ity and the North Fraser Port Au­thor­ity merge with the port to form Port Metro Van­cou­ver– Canada's big­gest port and North Amer­ica's third largest. 1997: In its first year of op­er­a­tions, af­ter Frank Gius­tra and Avi Fed­er­green launch it, Lion­s­gate Films sees rev­enue of just $42 mil­lion; 20 years later, pub­licly traded Li­ons Gate En­ter­tain­ment Corp. is mak­ing north of $2 bil­lion a year, and has a li­cence to print money in the Hunger Games fran­chise. Gius­tra has moved on to min­ing, phi­lan­thropy–and mak­ing some mighty fine olive oil.

1998: Lu­l­ule­mon Ath­let­ica Inc. launches in Van­cou­ver's Kit­si­lano as a de­sign/yoga stu­dio; by 2000, the store is sell­ing a line of “yoga wear” – and a global re­tail­ing craze is born. Con­tro­ver­sial founder Chip Wil­son re­signs as chair­man in 2013 and helps his wife and son launch a “leisurewear” com­peti­tor, Kit and Ace, the fol­low­ing year. May the form­fit­ting-est fash­ion­ista pre­vail!

1999: BC Tel and Telus, based in Ed­mon­ton, merge–cre­at­ing a na­tional tele­com player, to be called Telus Com­mu­ni­ca­tions Inc. and head­quar­tered in Van­cou­ver. Dar­ren En­twistle joins as pres­i­dent and CEO a year later, and he's been there ever since–ex­cept for that weird spell, 2014-15, where he kinda left but didn't (Joe who?). Dur­ing En­twistle's 17 years, the share­holder re­turn on Telus stock has been al­most 400 per cent. 1999: Share­hold­ers ap­prove the sale of B.C. forestry icon Macmil­lan Bloedel Ltd. to U.S. gi­ant Wey­er­hauser. A round of lay­offs en­sues–the be­gin­ning of a seven-year stretch in which B.C. will lose an es­ti­mated 30 per cent of its head-of­fice jobs. On the pos­i­tive side, the Arthur Erick­son– de­signed Macblo build­ing on Ge­or­gia en­dures as one of Van­cou­ver's ar­chi­tec­tural jew­els.

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