A nearly 13-year legal battle between the City of Kelowna and McDonalds has come to a close, with the city doling out just north of $2 million in settlement costs to the fast-food giant.
The city also purchased the property at 1746 Water Street.
㽶ƵֱProactive land acquisition is a key component of the city㽶Ƶֱs long-range financial and capital planning framework and this site represents a key location in the City㽶Ƶֱs western gateway,㽶Ƶֱ said Graham Hood, the city㽶Ƶֱs strategic land development manager. 㽶ƵֱCoupled with last year㽶Ƶֱs acquisition of the former Husky station at 380 Harvey Avenue, it represents a unique opportunity for future redevelopment.㽶Ƶֱ
The legal action stemmed from the 2007 construction of revised road alignments for the William R. Bennett Bridge. McDonalds subsequently ceased operations at the location and claimed land and business losses against the city.
㽶ƵֱAssessment of the building, review of on-site security measures and remediation of the property is expected to begin immediately and take the better part of this year,㽶Ƶֱ said Hood. 㽶ƵֱA plan for lot consolidation and future redevelopment options that leverage the site㽶Ƶֱs prominence at the entrance to both Kelowna and the downtown core will be brought forward for Council㽶Ƶֱs consideration in the coming months.㽶Ƶֱ
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