Valemount Community Forest restructure tackles liability, taxes

The Valemount Community Forest Corporation is seeking to restructure itself, which would split its forestry activities inside Village boundaries from its land use activities outside. VCF has been owned by the Village of Valemount, but there is a proposal to transfer some of its assets to a new corporation called Valemount Economic Development Corporation and to establish two new Limited Partnerships. According to Craig Pryor, manager of the Valemount Community Forest, the idea is to insulate the Village of Valemount from liability and to free the community forest from tax implications.