A draft rendering of what a public campground located on the former Waterway Houseboats property could look like. (District of Sicamous Image)

Sicamous plans to buy former Waterway Houseboats property, build campground

Purchase price of $2 million negotiated with receiver who took over this summer

A $2 million offer by the District of Sicamous’ development corporation for the former Waterway Houseboats site has been approved by the receiver in control of the now defunct company’s assets.

The purchase is for the 16.33 acre parcel of land located at 1 Mervyn Road on Mara Lake, including its docks and buildings. As recently as Nov. 8, the land had been advertised for sale for $ 4,495,000.

The district’s stated intent is to develop the property into a recreation area, including a public beach, park, boat launch and 75 RV and camp sites.

Mayor Terry Rysz said approximately two acres of the property will be reserved for a public park.

Read More: Resident issues warning after rats found in another area of Salmon Arm

Read More: Trial for accused in Salmon Arm 7-Eleven blaze will take place in 2020

A release from the District of Sicamous Development Corporation (DOSDC) states converting the land into a beach, park and campground will have a very low impact on the environment, but completion of an environmental assessment remains a condition of the sale. The approval of financing and the completion of a business case are also conditions of the sale.

Rysz said there will be no tax implications from the purchase of the property as revenue from the campgrounds would be used to pay down the debt. He said projections indicate the completed campsite could generate between $500,000 and $600,000 per year.

The DOSDC can abandon their purchase and get its $100,000 deposit back at any time before Jan. 9, 2020, if it is felt the conditions cannot be met.

Read More: UPDATE: Driver treated for minor injuries following collision in Salmon Arm

Read More: Collision on Highway 1 west of Salmon Arm causes power outage

As the property is in receivership, the sale of the property will go before the Supreme Court of B.C. for approval on Jan. 30, 2020, with the sale closing no later than Feb. 28.

Rysz said once the purchase goes through, construction on campsites can begin immediately. He said it is hoped that 50 of the sites can be in operation next year by May or June.

The district is accepting feedback on the project on their website www.sicamous.ca/futuredevelopment.


@SalmonArm
jim.elliot@saobserver.net

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Rain in Sunday forecast for Okanagan-Shuswap

Environment Canada calling for 15-20 millimetres in regions

Arena served Summerland for 26 years

Warm winters meant short ice seasons in early 1950s

Severe thunderstorm watch in effect for Okanagan, Shuswap

Environment Canada is forecasting strong wind gusts, large hail and heavy downpours in parts of the Interior

WorkSafe BC conducted 70 inspections in the Okanagan amid B.C.’s reopening plan

WorkSafe BC has conducted 100 inspections at restaurants across the province since May 19

EDITORIAL: Revisiting alcohol consumption

A proposal to allow alcohol consumption in some public spaces in Penticton deserves consideration

VIDEO: Injured bald eagle rescued in B.C. First Nations community

Bird suspected injured in fight, whisked off to Coquitlam rehab

Toronto Raptors’ Ujiri says conversations about racism can no longer be avoided

Thousands have protested Floyd’s death and repeated police killings of black men across the United States

B.C.’s Central Kootenay region declares state of emergency, issues evacuation orders

The evacuation alert covers all areas except the Cities of Castelgar and Nelson

‘I’m afraid’: Witnesses of wolf attack on senior near Prince Rupert worried about safety

Frank Russ shows where the unprovoked wolf attacked his father

Protesters prepare to rally against racism in front of Vancouver Art Gallery

Rally is in response to the deaths of black Americans and a Toronto woman

PHOTOS: Okanagan residents capture epic lightning show

A look at some of the best shots of the storm on May 30

Big White Ski Resort to offer rebate for pass holders after early closure

Next year’s pass will include a 20 per cent rebate

‘No tick is a good tick’: Canadian Lyme Disease Foundation

The foundation’s president said all ticks that attach to humans and pets can carry various diseases

Protesters rally against anti-black, Indigenous racism in Toronto

Police estimated the crowd to be between 3,500 and 4,000 and said there was no violence

Most Read