City of Penticton adds to land holdings

Council approves purchase of former bus depot

Penticton city council is becoming a bit of a land baron, at least when it comes to Ellis Street.

Yesterday, council gave the nod to purchasing the former Greyhound bus depot for the city, at a cost of $1.2 million.

Related: Greyhound motoring away from Penticton for good

“With this additional piece of land now owned by the City, Council is in a strong position to reshape that section of Ellis Street and have greater influence over how that area may be developed in the future,” said Mayor John Vassilaki.

With the addition of the Greyhound depot, which is comprised as four lots, the city now owns a long section of properties on the west side Ellis Street, stretching from the “bus barn,” which was formerly home to FitKidz Gymnastics

“The site was in high demand and we believe there were eight or nine different offers that Greyhound was considering as part of their process. When we look at comparable sales in this area, we believe the accepted value represents fair market value for this property, in what is a long-term investment for our community,” said Anthony Haddad, director of development services.

“The value of land will only increase over time,” said Haddad.

While the final long-term use of the property isn’t yet determined, following the demolition of the terminal building, staff have proposed the site be converted into a parking lot in response to increasing development activity and demand for employee parking downtown.


Steve Kidd
Senior reporter, Penticton Western News
Email me or message me on Facebook
Follow us on Facebook | Twitter | Instagram

Just Posted

Canada West loses to U.S. in semifinal

West still has chance to win bronze

Warm weather ahead for Okanagan-Shuswap

Environment Canada says no snow at lower altitudes until Wednesday night

Controversial goal costs Vees in Trail

Vees coach ejected from game

Backyard fire brings emergency response

Penticton firefighters called to report of burning fence

SOWINS Share the Spirit of Giving campaign receives special help

Volunteer Eleanor is giving back to the society that helped her turn her life around

Yellow Vest movement rallied in Vernon Saturday

Protesters took to the steps of the Vernon courthouse Saturday.

CSRD Wants help figuring out antique survey equipment

The piece of equipment was used by Peter Jennings to map out the North Fork Wild near Craigellachie

Kelowna Gospel Mission celebrates Grandpa Lloyd’s success

In a video it shares how an outreach worker helped get Lloyd off the streets

Canada’s ambassador meets with second detainee in China

Global Affairs says John McCallum, Canada’s ambassador to China, met with Spavor Sunday

‘They’re coming:’ Flying cars may appear in urban skies by 2023

Air taxis will number 15,000 and become a global market worth $32 billion by 2035

B.C. VIEWS: Andrew Wilkinson on taxes, ICBC and union changes

Opposition leader sees unpredictable year ahead in 2019

5 tips for self-care, mental wellness this holiday season

Ministry of Mental Health and Addictions urging British Columbians to prioritize self care through festive season

VIDEO: Craft growers will add to recreational market, cannabis producer says

Two B.C. men say their expertise in running small legal medical grow-ops a benefit to recreational market

World Sikh Organization demands Canada prove Sikh extremism is a threat

Sikh community says this is first time such extremism has been mentioned in federal terror-threat assessment

Most Read