Victoria City Council has indicated they are open to consider an offer from the Ralmax Group to purchase four City-owned industrial properties on Harbour Road upon which the Point Hope Shipyard is located.  Specific terms of any offer to purchase have not yet been received or considered by the City. Victoria City Council has expressed an openness to consider such an offer, as long as the offer provides fair market value to the City's taxpayers.

Local governments on B.C.’s west coast are girding for a fight with energy giant Kinder Morgan over its $5-billion pipeline expansion plans to move more Alberta oil to the Vancouver Harbour for transport overseas.

A phalanx of mayors is vowing to fight the project, including coastal communities far from the pipeline but exposed to increased oil tanker traffic.

“This is not a comfortable position for Kinder Morgan, they’ll be relying on the federal government to override local government,” said Burnaby Mayor Derek Corrigan. “This may be the hill the Conservatives die on. The response from the public in British Columbia is, not only is this a potential danger to us, but there’s nothing in it for us.”