Like many First Nations, one of the ways Musqueam works towards self-governance is through economic development that leads to economic sustainability. We have always been innovators who used resources throughout our territory to sustain our people. Today, through partnerships with businesses, governments and neighbouring First Nations, we have established Musqueam as business leaders in the region.
Learn more about our economic development ventures below.
Musqueam Capital Corporation (MCC)
Musqueam Capital Corporation (MCC) was created in 2012 to replace the Musqueam Economic Development Department within administration. MCC is a business company (or the “economic development arm” of Musqueam) that is responsible for managing Musqueam Indian Band’s business activities. This includes the development of Musqueam’s lands, acting as an asset manager for existing real estate holding and creating economic opportunities through business partnerships.
MCC’s mission is to build a sustainable community in Musqueam through successful economic development that delivers value today and for generations to come. MCC has a board of directors that reports to Musqueam Council, and MCC’s chief executive officer reports to the board.
Visit MCC website
Follow MCC on Facebook and Instagram
MCC Development Projects
A planned community in Pacific Spirit Park that is designed with traditional xʷməθkʷəy̓əm principles of inclusivity and respect. leləm̓ means ‘home’ in hən̓q̓əmin̓əm̓, and this multi-phase development will be home to as many as 2,500 residents when completed.
leləm̓ broke ground in 2017, which was the first time in Metro Vancouver that a First Nation independently embarked on a comprehensive mix-use multi-family development.
Assets Managed by MCC
Musqueam acquired the Fraser Arms property in 1993 to help preserve and protect c̓əsnaʔəm, also known as the ancient Musqueam Marpole Village lands.
Located at 1450 SW Marine Drive, businesses on the property include Luminaire Hotel & Suites, Value on Liquor, Thai Son Restaurant, and Dollarama.
Originally opened in 2014, Milltown Marina is now 100% owned by Musqueam.
Located at 9191 Bentley Street, the marina has 220 slips and dry stack storage for 176 vessels, in addition to a full service repair facility and the Milltown Bar and Grill.
Musqueam Golf & Learning Academy
Musqueam Golf & Learning Academy is considered one of Canada’s finest training facilities. Fully equipped, it boasts a two-tiered, 80-stall driving range with astro turf landing areas that feature simulated greens, bunkers and water.
A 67.2 acre golf facility with a short game practice area, large practice green, 18-hole, par 60 golf course, restaurant and clubhouse.
A 76-unit residential condominium located within the Musqueam community at 4100 Salish Drive.
This rental property is managed by Dorset Realty Group.
University Golf Club
Built in 1929 and owned by Musqueam since 2008, the University Golf Club is located at 5185 University Boulevard, minutes from the UBC campus.
UGC is a championship-level, public golf course of traditional design, featuring a full-service restaurant, banquet facilities, driving range and teaching facility.
MST Development Corporation (MSTDC)
Musqueam entered into a historic partnership with Squamish Nation and Tsleil-Waututh Nation to develop land within shared territories of the three nations. Each nation owns one third of MST Development which has assets worth over $1 billion.
MSTDC currently oversees six properties totaling 160 acres of prime developable lands throughout Metro Vancouver, valued at over $1 billion.
Properties fully or partially owned by the MST Partnership are:
- Marine Drive Lands in West Vancouver
- Jericho Lands (west) in Vancouver
- Jericho Lands (east) in Vancouver – co-owned with the Canada Lands Company
- Heather Street Lands in Vancouver – co-owned with the Canada Lands Company
- 3200 East Broadway, Former Liquor Distribution Branch site in Vancouver – co-owned with Aquilini Investment Group
- Willingdon Lands in Burnaby – co-owned by Musqueam, Tsleil-Waututh and Aquilini Investment Group