BCBusiness

July/August 2024 – The Top 100

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

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"I don't know why I thought it would be inevitable that we would be able to just con- tinue on... it makes no sense that we [pulled off the new location]. It's ludicrous," Con- stantine says. "If this was someone's actual full-time job and they really depended on it, their life would be ruined." And yet despite all of those headaches, Constantine recognizes that Little Moun- tain is somewhat of a fortunate outlier in the larger arts picture: the delays allowed him to apply for the necessary grants to subsidize most of the project; the build- ing is owned by BC Housing, so the group was able to secure a favourable lease and a reliable landlord; Constantine himself has a master's degree in planning; and he's paying roughly $14 per square foot annually compared to the approximately $70 other commercial tenants in the neighbourhood are paying. "I feel bad for small business owners," Constantine says. "Imagine someone who's trying to open a barber shop and they have it in their mind that in a couple of months they'll be cutting hair and then it turns into such a process. This is bonkers." Bonkers is an apt description when examining Vancouver's arts landscape dat- ing back to before the 2010 Olympics. A 2019 report prepared by the Eastside Arts Society estimated that 400,000 square feet of arts space was lost between 2009 and 2019, an amount that translates to two and half times the size of BC Place. That same report noted that, of the 1,612 artists with studios in the study area, 1,332 faced imminent threat of displacement due to rent increases or redevelopment. A City of Vancouver report in 2020 found that two-thirds of the cultural spaces surveyed had leases for less than five years, offering little to no rent stability or security of tenure. 45 B C B U S I N E S S . C A J U LY/A U G U S T 2 0 24 "WHEN YOU ARE AN ARTIST, YOU DON'T NECESSARILY WANT TO RUN A SPACE, YOU JUST FALL BACKWARDS INTO IT BECAUSE YOU DON'T WANT TO SEE IT DISAPPEAR." LMG executive director Brent Constantine ON THE RISE According to executive director Brent Constantine, LMG's comedy calendar is booked up to December

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