Indigenous-led consortium buys 140-year-old dockyard in St. John's
CBC
A historic St. John's dockyard has been purchased by an Indigenous-led consortium that says it's combining member assets to complete the deal.
The consortium, made up of Horizon Naval Engineering, Qalipu First Nation and Nova Scotia-based Membertou First Nation, announced Thursday it was buying the 140-year-old St. John's-based business Newdock.
"This acquisition will be one of the most significant First Nations business investments in Newfoundland and Labrador's history," said a news release from the partnership's public relations agency.
The sale is expected to close in early October.
"The purchase of Newdock is an historic occasion and the significance of it now being Indigenous-owned instills a pride that we will share with our next seven generations and beyond," Qalipu First Nation Chief Jenny Brake said in the release.
Membertou First Nation Chief Terry Paul said purchasing Newdock will lead to more economic opportunities in the future.
"Investing in the hard work of an industry-leading and proven business like Newdock means we will work together to create new opportunities for those within the business and our communities who will be the beneficiaries of our investment," he said.
The release said the Indigenous partnership came about through conversations between former Miawpukek First Nation chief Mi'sel Joe and Newdock's current owner Paul Antle.
Membertou and Qalipu received financing from the First Nations Finance Authority, according to the consortium.
Download our free CBC News app to sign up for push alerts for CBC Newfoundland and Labrador. Click here to visit our landing page.
Run 3 Space | Play Space Running Game
Traffic Jam 3D | Online Racing Game
Duck Hunt | Play Old Classic Game
A suspended Moncton structural engineer faces more lawsuits alleging design flaws in buildings that require repair.
Sajjade Tugano has come a long way since he first set foot in Chibougamau, six hours north of Quebec City, in the depths of winter in November 2021.
A national mentor-based hockey organization that helps marginalized youth through the sport is paying tribute to one of its members and youngest coaches.
After months of asking the City of Saskatoon to do more to solve its homelessness crisis, advocate David Fineday took to the stand at city council Tuesday.
A community organization wants to breathe new life into a historic building in Regina.
Some Prince County residents are walking away with more answers after attending Tuesday night's public information session in Albany, P.E.I., on the Wejipek Wind Project.
After just a few months of using vape detectors in a couple of bathrooms, a B.C. high school principal says it's reduced vape use in those areas to basically zero.
Burlington MP Karina Gould gets boost from local young people after entering Liberal leadership race
A day after entering the Liberal leadership race, Burlington, Ont., MP and government House leader Karina Gould was cheered at a campaign launch party by local residents — including young people expressing hope the 37-year-old politician will represent their voices.
Anold Mulaisho was born intersex and wonders where they fit in, in the wake of U.S. President Donald Trump's executive order for the United States to recognize only two sexes, male and female.
WARNING: This story contains references to suicide.
Subway service is down on Line 1 between Sheppard West and Lawrence West due to a broken power rail, the TTC said Wednesday morning.
A long-term care home in Toronto's Yorkville neighbourhood has cleared one more hurdle to add desperately needed beds to its property, a move that's been praised by housing advocates but opposed by locals concerned about the impact on the neighbourhood.
A Charlottetown resident is calling on the P.E.I. government to do more to protect homeowners after reading about a recent oil spill very similar to one on his Montague property 20 years ago, which he says ruined him financially.
WARNING: This story includes details of abuse.
Two years after Foreign Affairs Minister Mélanie Joly declared she was taking the unprecedented step of moving to confiscate millions of dollars from a sanctioned Russian oligarch with assets in Canada, the government has not actually begun the court process to forfeit the money, let alone to hand it over to Ukrainian reconstruction — and it may never happen.
Alberta business and oilpatch leaders are returning home from Washington this week after the U.S. presidential inauguration festivities — and gritting their teeth after a roller-coaster of emotions.
Youth workers in Toronto's Jane and Finch area are flipping the script on negative stereotypes about their communities with a new fundraising campaign that offers anti-bias training in exchange for donations to bolster their programming.
In a sudden move that came late Tuesday evening, city officials rolled out cots and temporarily opened a warm building in east London as frigid temperatures continued.