Could David Levi become B.C.'s next finance minister?

For almost two decades, New Democrats have looked upon financier David Levi as a possible political saviour.

Levi, a former stockbroker and son of former NDP cabinet minister Norm Levi, chose instead to make piles of dough as a venture capitalist.

Today, all that changed with his announcement that he is "transitioning" from his position as president and CEO of GrowthWorks, which manages the Working Opportunity Fund.

He will remain on the board and on the WOF advisory council, but he's stepping aside as CEO in March, 2009.

That's just two months before the next provincial election.

This week, an Angus Reid poll showed the NDP leading the B.C. Liberals by three percent. If these numbers hold up, the NDP would form a majority because of the way votes are distributed across the province.

The B.C. Liberals generally win with huge majorities on the North Shore and in Vancouver-Quilchena, so they need to be at least a couple percentage points or more ahead of the NDP if they want to form government.

Vancouver-Kensington NDP MLA David Chudnovsky has announced that he won't seek reelection in 2009, which opens up a possible winnable  seat for Levi.

However, Levi could choose instead to run in  Vancouver-Point Grey, where he lives,  against Premier Gordon Campbell.

If Levi runs and wins, he's the odds-on favourite to become finance minister in a Carole James-led government. If Levi runs and wins, but the NDP loses, he along with Vancouver-Kingsway  MLA Adrian Dix would be automatic frontrunners in the race to succeed James.

Levi, a close friend of Canadian Labour Congress president Ken Georgetti, chaired the Vancouver-Richmond regional health board before the NDP was defeated in 2001.

The Straight has requested an interview with Levi to determine if he is thinking of running in the next election. We'll keep you posted if he decides to return the call.

 

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Stephen
Levi would be an excellent choice. Unfortunately, the BC NDP's misguided candidate recruitment rules mandate that only women may be nominated to run in ridings currently held by NDP incumbents--including Chudnovsky's riding of Vancouver Kensington. Levi can only be nominated to run in a non-incumbent riding--and even 40% of those are to be reserved for women, the disabled, and other so-called equality-seeking groups.

If the NDP were serious about diversifying the membership of the Legislature, and respecting the democratic rights of all NDP members and the public at large, it would be campaigning for the adoption of STV in next year's referendum. The Party's current mandatory quota policy rides roughshod over local party democracy and upholds the dangerous doctrine that the ends justify the means.
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