The Vancouver Business Thread

[RedArbutus]

Just terrible.

[s211]

Originally Posted by kikin

the horribly politicized CBC documentary stuff?

Fixed that for ya.

[chowhou]

Really disappointing, I liked TBC a lot.

Richmond indoor go-karting venue shuts down, owes $68K in rent

The gas-powered go-karting business has been operating in the city since 2000.

A Richmond indoor go-karting business has permanently closed after not paying its rent.

TBC Indoor Racing at 2100 Viceroy Pl. in east Richmond was served a termination notice by its landlord on Tuesday, July 21, for owing $68,140.72 in rent, plus interest.

The indoor go-karting venue has been operating in Richmond since 2000 and is considered one of the last gas-powered go-kart locations in the Lower Mainland.

One notice posted on the business' door said a lease was signed between TBC and its landlord on Nov. 27, 2025.

"By reason of failure to pay rent and all other amounts in full after they become due and owing in accordance with section 3 of the Lease, the Landlord is entitled to re-enter and take possession of the Premises and terminate the Lease," reads the notice.

Another notice also posted on the door stated TBC had until noon on Friday, July 31 to remove any of their "goods and chattels." If this is not done by the deadline, TBC would be charged for storage or removal fees by the landlord of the building.

However, they are not able to access the building until they pay the overdue rent.

TBC posted a short message on its website regarding the closure.

"Due to circumstances beyond our control, TBC will no longer be in operation as of July 21," reads TBC's website.

The Richmond News has reached out to TBC Indoor Racing for comment.

https://www.richmond-news.com/local-busi...nue-shuts-down-owes-68k-in-rent-12584861

[WarrenC12]

Agree TBC is fun. Go karting is always a blast and an indoor venue in this climate was a nice option.

[RedArbutus]

So much better than Speeders too. I hadn't been to TBC in, like, 8 years, but it was great the few times I visited.

[officedweller]

FortisBC Tilbury LNG plant expansion moves ahead with potential First Nation ownership stake
https://dailyhive.com/vancouver/tilbury-...m-first-nation-ownership#google_vignette

[whatnext]

Coromandel may be gone but the offshore money and bankruptcy scandal lingers on:

Backer of Oakridge-area condo complex sues developer after bankruptcy
Susan Lazaruk
Updated Sat, July 18, 2026 at 5:00 PM GMT+2
5 min read

Behind the spectacular collapse in 2023 of Vancouver developer Coromandel Properties — leaving $700 million in debt spread over 16 properties — lies allegations of a massive fraud by Coromandel's CEO against a Chinese investor he befriended.

In 2023, Coromandel part-owner Junchao Mo and his sons filed a lawsuit against Coromandel Properties CEO and co-owner, Jerry Zhong.

Mo and his sons allege Zhong enticed them to invest in his various Vancouver-area real estate projects through five family trusts and three B.C. numbered companies and then misappropriated those millions to purchase houses and condos, pricey art from Vancouver galleries and expensive life insurance policies, and to provide a large slush fund to Zhong.….

… The lengthy lawsuit, still alive in B.C. Supreme Court, listed several west side Vancouver mansions and downtown condos worth $50 million that it alleges Zhong purchased with the money….

…

https://ca.news.yahoo.com/backer-oakridge-area-condo-complex-150058011.html