Vancouver, B.C. – Following public engagement and a rigorous land disposition process as identified in Board Policy 20, the Vancouver School Board has finalized a 99-year lease with Vittori Developments Ltd. for the southern portion of the Sir Sandford Fleming Elementary (Fleming) school site. 

As part of the seismic mitigation program, the Ministry of Education and Child Care funded the construction of a new Sir Sanford Fleming Elementary School. This process included a reconfiguration of the school site, which presented an opportunity to repurpose the southern portion of the property. The Board, the Ministry approved the sub-division and disposal. 

The key terms of the lease include: 

• A 99-year pre-paid lease for approximately $8.5M, with no provision for overholding. 
• Exclusive use for residential rental housing with optional ground-floor retail, as approved by the City of Vancouver and in compliance with VSB policies and administrative procedures, particularly Administrative Procedure 313. 
• Priority access to vacant units for Vancouver School Board staff.

The VSB is committed to managing its facilities in a way that supports the achievement of the Education Plan goals while optimizing operational effectiveness, efficiency, and sustainability. This lease agreement supports improving equity through the responsible stewardship of district resources. By strategically managing facilities, the District ensures that resources are utilized effectively to create a more equitable learning environment for all students in the District. 

*Conceptual rendering. The final land use for the site has not yet been determined. 

To learn more about the Fleming disposition process, or what was heard through the engagement process, visit https://www.vsb.bc.ca/page/4916/south-portion-of-fleming-site

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Contact: 
VSB Communications 
Communications@vsb.bc.ca