About Waterfront Development Corporation and Its Operations

Waterfront Development Corporation is a leading player in the industry, with a strong focus on innovation and customer satisfaction.

The company was founded in 1990, with a clear vision to transform the waterfront area into a thriving hub of activity.

Its headquarters is located in a prime waterfront location, allowing for easy access to the company's main operations.

The corporation has a diverse team of experts, including engineers, architects, and project managers, who work together to bring projects to life.

The Waterfront Park has undergone significant development over the years, with three distinct phases that have transformed the area into a vibrant public space.

Phase I, which was dedicated on July 4, 1999, covers approximately 55 acres and has become a hub of activity, hosting hundreds of events in its first full season and averaging over 1.5 million visitors per year.

The park's popularity is evident in its daily usage, with children and families enjoying the Children's Play Area and Adventure Playground, while walkers, joggers, and picnickers take advantage of its scenic location along the river.

Construction on Phase III began in September 2005, and it will add 13 acres of new amenities, including a pedestrian walkway across the river and more lawn areas, tree groves, walking paths, and picnic areas.

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Riverview Park is a project led by the Waterfront Development Corporation.

The redevelopment of Riverview Park, also known as "The Greenwood Boat Ramp", was proposed in 2006 by Metro Mayor Jerry Abramson.

The Waterfront Development Corporation Board agreed to lead the project and initial design work began.

The lead design staff held public meetings to develop the Master Plan.

The Powell River Waterfront Development Corporation has a well-defined governance structure. The corporation is structured to operate as an independent business, mandated through its Articles of Incorporation, Memorandum of Understanding, and Partnering Agreement with the City.

The Board of Directors is appointed by Council, with at least three members serving on the board. The Board is responsible for reviewing and approving or disapproving development plans submitted to it.

The corporation reports out to Council on its affairs when needed, in addition to the annual Consent Resolutions confirming the Board Directors. The Board of Directors also reviews all plans for conformity with the design standards established in § 153.77.

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Here are the current Board of Directors for the Powell River Waterfront Development Corporation:

The Board of Directors for the Waterfront Development Corporation, on the other hand, has a different composition. There are nine directors, including one representative from the Governor's Office and seven directors appointed by the Mayor with the approval of the Council.

The corporate leadership of the Powell River Waterfront Development Corporation is composed of several key individuals. The President/Executive Director is David K. Karem, who has been in the position since July 1987.

The Chairman of the Board of Directors has had several individuals hold the position. Matt Thornton has been Chairman since 2005, while Ollie Barber held the position from 2002-2005 and Charles McCarty held it from 1991-2002.

The Board of Directors for the Powell River Waterfront Development Corporation is responsible for reviewing and approving development plans. The Current Board of Directors are Ann Nelson – Secretary/Treasurer and Kevin Sigouin – FOI Officer.

Here is a list of the Chairman of the Board of Directors:

Governance and Structure can be complex, but it's essential to understand the key questions that arise in this context.

What is the role of the board of directors in ensuring effective governance? They are responsible for overseeing the organization's strategy and direction.

How do committees fit into the overall governance structure? They are established to focus on specific areas, such as finance or HR, and report back to the board.

What is the purpose of a governance framework? It provides a clear set of rules and guidelines for decision-making and accountability.

How do organizations determine the right level of autonomy for their committees or departments? It depends on the organization's size, complexity, and risk profile.

What is the importance of regular reviews and assessments in governance? They help ensure the governance structure remains effective and adaptable to changing circumstances.

Waterfront Development Corporation has a solid financial foundation, with a net worth of $50 million. This figure is a testament to the company's careful management of its assets and liabilities.

The company's revenue streams are diversified, with a mix of property sales, rental income, and commercial leases. This diversification helps to minimize risk and ensures a steady flow of income.

A key financial metric for the company is its debt-to-equity ratio, which stands at 0.5. This ratio indicates that the company has a manageable level of debt and a strong equity base.

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Annual Revenue is a crucial aspect of any company's financial health. The Waterfront Development Corporation annual revenue was $1 million in 2025. This figure can give us an idea of the company's overall financial performance.

Understanding annual revenue is essential for investors and stakeholders who want to gauge a company's growth potential. For instance, the Waterfront Development Corporation's revenue is a relatively small sum, which may indicate a need for expansion or diversification of their business model.

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The SIC code for Waterfront Development Corporation is 44, 449.

To find the SIC code for a corporation, you can look up the code associated with the company's industry.

The SIC code for a corporation is used to classify its business activities and can be found on financial reports and other official documents.

Understanding the SIC code for a corporation can help you make informed decisions when it comes to investments or business partnerships.

The SIC code is an important piece of financial information that can provide insight into a company's operations and performance.

It's worth noting that SIC codes have been largely replaced by NAICS codes, but they are still widely used in some industries and contexts.

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The Powell River Waterfront Development Corporation (PRWDC) was established in 2003 by the City of Powell River. Its main goal was to facilitate the development of the city's waterfront.

In 2006, the City decided to use PRWDC as its shareholder in a joint venture with Tla'amin Nation and Catalyst Paper. This led to the creation of Powell River-Sliammon-Catalyst Limited Partnership (PRSCLP).

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The PRSCLP took ownership of approximately 800 acres of properties that were considered surplus to Catalyst Paper's operations. This was done in exchange for a $4.5 million secured mortgage.

The Board of PRSCLP's managing partner, PRSC Land Developments Ltd, was originally composed of representatives from Tees'kwat Land Holdings Ltd and the PRWDC.

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