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Northwest Sports' Rennison dies in plane crash
2006-06-20 20:20 ET - Street Wire
by Mike Caswell
Art Rennison, the man who took Vancouver sports mogul Arthur Griffiths to court over shareholder rights in 1995, died in a plane crash last week at 64. Mr. Rennison crashed attempting to land his small plane, a Cessna 182, at a private airstrip near Bella Coola, B.C.
Although news of the crash first broke last week, the name of the pilot was withheld, presumably so authorities could notify the family. The Rennison family confirmed the worst over the weekend, publishing a death notice for Mr. Rennison in The Vancouver Sun.
Mr. Rennison is remembered in business circles for suing Mr. Griffiths in 1995 over the ownership of General Motors Place and Vancouver's then-new NBA team, the Grizzlies. Mr. Rennison claimed Mr. Griffiths diverted rights to GM Place and the Grizzlies away from Northwest Sports Enterprises Ltd., then the publicly traded holding company for the Vancouver Canucks.
Mr. Rennison had a substantial interest in the outcome -- he held a 10-per-cent interest in Northwest. In the end he settled out of court for $2.4-million, avoiding a long, costly trial. He and Northwest's other minority shareholders received $17.50 per share.
Seattle cellphone billionaire John McCaw eventually bought GM Place and the Canucks, while the Grizzlies moved to Memphis, a more lucrative basketball market.
Investigators have yet to piece together the cause of Mr. Rennison's crash. He was an experienced pilot, with 30 years in the cockpit and several hundred hours of flight time. Rescue crews found his plane about a mile from the runway, with the cockpit entirely buried in mud.
Mr. Rennison was flying to check on his latest project, a hydroelectric plant in a remote area.
While the Transportation Safety Board says it will review Mr. Rennison's flight plan and his maintenance logs, it has turned the investigation over to the Prince George coroner, who was not available for comment.
Outside of the business community, Mr. Rennison was known as a philanthropist and environmentalist. He donated to organizations such as the B.C. Children's Hospital Foundation and the Alzheimer's Society of B.C.
An estimated 400 people attended Mr. Rennison's service on Monday, held in the front yard of his Shaughnessy home.
A full obituary will follow.
Copyright © 2006, Canjex Publishing Ltd. All rights reserved
Northwest Sports' Rennison dies in plane crash
2006-06-20 20:20 ET - Street Wire
by Mike Caswell
Art Rennison, the man who took Vancouver sports mogul Arthur Griffiths to court over shareholder rights in 1995, died in a plane crash last week at 64. Mr. Rennison crashed attempting to land his small plane, a Cessna 182, at a private airstrip near Bella Coola, B.C.
Although news of the crash first broke last week, the name of the pilot was withheld, presumably so authorities could notify the family. The Rennison family confirmed the worst over the weekend, publishing a death notice for Mr. Rennison in The Vancouver Sun.
Mr. Rennison is remembered in business circles for suing Mr. Griffiths in 1995 over the ownership of General Motors Place and Vancouver's then-new NBA team, the Grizzlies. Mr. Rennison claimed Mr. Griffiths diverted rights to GM Place and the Grizzlies away from Northwest Sports Enterprises Ltd., then the publicly traded holding company for the Vancouver Canucks.
Mr. Rennison had a substantial interest in the outcome -- he held a 10-per-cent interest in Northwest. In the end he settled out of court for $2.4-million, avoiding a long, costly trial. He and Northwest's other minority shareholders received $17.50 per share.
Seattle cellphone billionaire John McCaw eventually bought GM Place and the Canucks, while the Grizzlies moved to Memphis, a more lucrative basketball market.
Investigators have yet to piece together the cause of Mr. Rennison's crash. He was an experienced pilot, with 30 years in the cockpit and several hundred hours of flight time. Rescue crews found his plane about a mile from the runway, with the cockpit entirely buried in mud.
Mr. Rennison was flying to check on his latest project, a hydroelectric plant in a remote area.
While the Transportation Safety Board says it will review Mr. Rennison's flight plan and his maintenance logs, it has turned the investigation over to the Prince George coroner, who was not available for comment.
Outside of the business community, Mr. Rennison was known as a philanthropist and environmentalist. He donated to organizations such as the B.C. Children's Hospital Foundation and the Alzheimer's Society of B.C.
An estimated 400 people attended Mr. Rennison's service on Monday, held in the front yard of his Shaughnessy home.
A full obituary will follow.
Copyright © 2006, Canjex Publishing Ltd. All rights reserved
