On October 2, 2007, credit facilities in the aggregate amount of $750 million were provided to Millennium Southeast False Creek Properties Ltd. (Millennium) by Fortress Credit Corp., a US based private lender, in order to finance the development by Millennium of certain lands located in Vancouver, British Columbia, for over one million square-feet of mixed use market residential units, affordable housing, rental housing and commercial uses; part of which shall be used as temporary housing for athletes during the 2010 Olympic and Paralympic Winter Games.
Millennium was represented by Fraser Milner Casgrain LLP, with a team consisting of John G.R. Third, Tim Bezeredi and Jyotika Reddy. Fortress was represented in the US by Sidley Austin LLP with a team consisting of Marc I. Hayutin, Edward C. Prokop and Michael Woodhouse and in Canada by McCarthy Tétrault LLP with a team consisting of Keith Burrell, QC, Byran Gibson, QC, Chris Falk and Natalie Garton. The City of Vancouver was represented by Stikeman Elliott LLP with a team consisting of Ross MacDonald, Michael Allen, Scott Perrin and Bruce Woolley, QC and the City Law Department with a team consisting of Francie Connell, director of legal services and Bill Aujla.