City adds piece of land near events centre to its inventory

The City of Penticton has added another piece of land to its inventory, but the mayor isn’t sure yet what use it will be put to.

The City of Penticton has added another piece of land to its inventory, but the mayor isn’t sure yet what use it will be put to.

The city purchased a 1.495 acre lot, formerly the site of the Jade Garden restaurant, for $1.55 million. The 903 Vernon Ave. property is directly opposite the South Okanagan Events Centre complex.

Mayor Andrew Jakubeit said there is no specific use planned for the property, which was formerly owned by Robin Agur. Instead, city council viewed it as a strategic acquisition.

“The adjacent property is probably our largest community asset we have,” said Jakubeit. “Moving forward, that will serve us well, even though we haven’t quite defined what we are going to do with it. That’s something we just went out and did.”

Jakubeit said the property is considered a prime location for sport fields, new or replacement facilities for aging infrastructure, parking or other public amenities.

“To make the Events Centre work, back in the day, we had to spend a lot of money on buying the adjacent properties. So when an adjacent property came up, it was felt it would be a strategic opportunity to capitalize on, so when we are ready to expand, whatever that is, it is there,” said Jakubeit. “When you plan a city, you don’t look at it one or two years down the road, you are looking at five, 10, 15, 20 years.”

Jakubeit said that council hadn’t considered re-issuing a request for expressions of interest from developers interested in building a hotel, now that they have a new adjacent property. An EOI was issued in May 2015 for a hotel directly on the SOEC campus, which the city said was needed for growth. That EOI failed after a parks covenant on the land surfaced and council decided not to move ahead with any of the applicants.

The $1.5 million cost of the property was paid for out of the city’s land acquisition fund, which Jakubeit said contained ample funds.

 

Just Posted

Alleged Penticton shooter John Brittain waives preliminary trial

Brittain will return to court in January to schedule a trial date

Cougar destroyed in Penticton area after mauling dog, killing cat

This is the first reported incident with a cougar this year in the Penticton area

James and Jamesy return to Penticton for more Christmas tea

Their Dec. 17 show explores friendship, the joy of giving, and a celebration of the imagination

Santa Parade lights up the streets of Penticton

People lined Main Street through the rain and chill in the air.

Tenore trio want to celebrate a Christmas with You

The tenor group performs at Penticton’s Church of the Nazarene tonight at 6 p.m.

Video: Magicians and Bubble Wonders highlight Penticton Shriners Variety Show

The annual fundraiser filled the Cleland Community Theatre on Sunday.

Morning Start: How many people live on earth?

Your morning start for December 10, 2019.

China hints at national security trials for 2 Canadians detained for one year

The two Canadians’ detention is largely seen as retaliation for the arrest of a Huawei exec

B.C. seaplane company set to test the first commercial electronic plane

The plane is powered by a 750 horsepower electric motor

Fireballs to fill the sky Friday for brightest meteor shower of the year

Geminid meteor shower features colourful, brighter, longer shooting stars

Province sues over sailing incident that killed teen with disabilities

Gabriel Pollard, 16, died from injuries after marine lift failed

First Nations want Big Bar landslide cleared ASAP to allow fish passage

Leadership calling for urgent action and resources to remove obstruction on the Fraser

Assessed value of Lower Mainland homes expected to decrease in 2020

Other areas of province may see modest increases over last year’s values

Most Read