Port Alberni buys shares in its own community forest

The City of Port Alberni, British Columbia, already owns the land of its new community forest. But that isn't stopping it from purchasing $125,000 worth of shares in the community forest.

The income from the shares will assist the community forest with developing stewardship plan development.

The city could loan the money to the community forest, but the loan would require months of red tape and provincial bureaucracy that would delay the progress of the project.

The community forest will soon hire a manager and harvesting will begin in six months.

Source:

City Buys Shares In Own Forest (WestCoaster.ca)