Steven Henderson is not backing down in his decision to pull the Goat香蕉视频直播檚 Peak development in West Kelowna.
The loss of a 1,000-unit housing development that would include an elementary school site, parkand and space for commercial businesses, has been a tough loss for West Kelowna due to the province香蕉视频直播檚 planned speculation tax.
After a long and drawn out 15-year process of getting approval and confirming building plans, Henderson is walking away from the project.
香蕉视频直播淚t香蕉视频直播檚 not like we just came to town, we have been working on this for a very long time and now we are faced with a market place that is uncertain about how the speculation tax is going to apply to vacant property such as ours,香蕉视频直播� Henderson said.
Related:West Kelowna mayor blasts premier over speculation tax
West Kelowna Mayor Doug Findlater said the loss of Goat香蕉视频直播檚 Peak will deprive the city of a great deal of new construction revenue. The young city of West Kelowna has not built up the same level of reserves older municipalities have to offset the loss of revenue Goat香蕉视频直播檚 Peak would have generated.
香蕉视频直播淭his tax will have a major impact on West Kelowna,香蕉视频直播� Findlater said. 香蕉视频直播淚f new development disappears, it will really hurt us.香蕉视频直播�
As a result, West Kelowna council has authorized the mayor to draft a letter to the the premier expressing the city香蕉视频直播檚 concern about the adverse impacts of the tax on the city, and outlining the reasons why.
Related:Mayors of Kelowna and West Kelowna react to speculation tax
The city is also pursuing a freedom of information bid to find out what criteria was used to include West Kelowna in the list of municipalities where the speculation tax will be implemented.
On May 25, the Kelowna Chamber of Commerce presented it香蕉视频直播檚 Anti-Canadian Tariff 香蕉视频直播� Pressing the Pause Button on BC香蕉视频直播檚 Proposed Speculation Tax policy proposal,香蕉视频直播� at the 2018 B.C. Chamber of Commerce香蕉视频直播檚 policy conference in Kamloops. It was met with unanimous support.
Adopting the new policy will be a priority of the B.C. chamber during discussions with Finance Minister Carole James.
香蕉视频直播淲e香蕉视频直播檙e more than pleased at the response of our chamber colleagues in supporting this policy香蕉视频直播攖aking a strong message to the provincial government to study, clarify, and consult prior to legislating,香蕉视频直播� Carmen Sparg, president of the Kelowna chamber said.
Related:Central Okanagan builds united front against speculation tax
The Kelowna chamber is calling for the cancellation of what it considers the 香蕉视频直播渕is-named香蕉视频直播� speculation tax.
It also wants the government to establish 香蕉视频直播渃lear parameters and key performance indicators that determine whether the tax, as put in place, is temporary.香蕉视频直播�
香蕉视频直播淒oes it actually create affordable housing and will it be removed if local indicators (not yet determined) improve.香蕉视频直播�
To report a typo, email:
newstips@kelownacapnews.com.
sydney.morton@kelownacapnews.com
Like us on and follow us on .
