Timberland Basin habitat bank

This is a private habitat bank owned by Vancouver Fraser Port Authority and the bank is governed by the same criteria as used for the North Fraser Harbour Habitat Bank. The bank contains intertidal marsh and riparian habitat. From Bros, 2007 (http://ir.lib.sfu.ca/bitstream/1892/9339/1/etd3039.pdf): "DFO allowed the Port Authority to develop and bank this compensation area in the late 1970's. Such a compensation area currently sells for approximately $90 per m2 or $364,000 per acre." As the Port has proposed Projects requiring fish habitat compensation, withdrawals have been made from the Bank. Generally, withdrawals have been made on a 1:1 basis for the same habitat type (for example, one square metre of riparian vegetation loss = one square metres of riparian vegetation withdrawn from the Bank) or at a 0.5:1 basis for different habitat types (for example, 1 square metre of unvegetated intertidal mudflat loss = 0.5 square metres of intertidal marsh withdrawn from the Bank). http://ir.lib.sfu.ca/bitstream/1892/9339/1/etd3039.pdf

Bank Statistics

Date Established: 1978 Status: Active Bank Size: acre
Country: Canada State/Province: British Columbia Other Location: Vancouver
Species/Habitat types:

fish habitat (intertidal marsh, riparian)

Credits Awarded: Credits Sold:
Program in which the bank operates: No Associated Program
Bank Contact Information:
Bank Regulator Information:
Data Source:

Koster, personal communication, 2009; p.88 of http://ir.lib.sfu.ca/bitstream/1892/9339/1/etd3039.pdf

Last Updated: October 9, 2010