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What are the strengths and weaknesses of the different alternatives? How do they compare? Churchgate Ventures Churchgate Ventures (Churchgate) was a separate legal entity controlled

What are the strengths and weaknesses of the different alternatives? How do they compare?

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Churchgate Ventures Churchgate Ventures (Churchgate) was a separate legal entity controlled by the Asher family. It held a large property in the City of Port Moody, situated about 50 minutes from downtown Vancouver. The property included a place of worship for Shia Ismaili Muslims, the religious community to which the Asher family belonged. The Ismaili Council for British Columbia, a social governance institution, leased the property from Churchgate at a below-market rent, which serviced the property's monthly mortgage payments and taxes. The long-term fate of this property was somewhat complicated. Besides Aziz, there was one other investor from the Ismaili community who had made financial contributions to Churchgate, to provide land for a place of worship for Ismailis. The other investor had never signed any legal documents; thus, Aziz was the sole legal owner. However, based on the other investor's financial contribution, he owned 25.75 per cent while the Asher family owned 74.25 per cent of the property. Aziz had recently received a call from a realtor, who indicated that the Churchgate property was worth around $10 million. The family had no intention of selling the property. At the last Asher family meeting, in April 2014, there had been a broad consensus that the status quo be maintained until such time as either the Ismaili Council or a donor from the community came forward to purchase the property

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