• Saturday , 28 January 2023

District approves land acquisition to preserve Turner Park

Peachland View

The District of Peachland has approved a land acquisition to preserve public use of Turner Park for a purchase price of $3.1 million, with ownership of the lands set to take place on March 30, 2021.

The property was listed last September for $3.5 million.

Council authorized the removal of conditions at their Oct. 27 meeting.

A park plan will be developed in the future to determine the future of the park’s uses and maintenance, and promises to include a public consultation process,  a press release sent this afternoon stated.

“Council is pleased to deliver on the community’s desire to re-gain access to this former public space,” said Mayor Cindy Fortin.

Fortin cited overwhelming support to purchase the lands through a recent petition.

“Conversations around the potential acquisition of this site have been ongoing for decades. I am pleased we can secure the Turner Park site for generations to come.”

The purchase is being funded by short-term borrowing from the Municipal Finance Authority at low interest rates and the loan repayment will come from multiple funding sources, including the potential resale of the lower portion of the property that fronts Princeton Avenue, the release states.

The district also has over $700,000 in the Parkland Acquisition Reserve Fund. Park improvements will be considered in future budget deliberations and funding opportunities from senior levels of government.

The release states the district has been in discussions with the owner’s agent prior to the property being formally listed and an offer was presented at the beginning of September.

The 3.34 hectare (8.26 acre) property was purchased by School District #23 in 1976 from the Turner family as a future school site. The District of Peachland obtained permission in 1979 to utilize the property until the land was required for school purposes or disposed of by the school district. The municipality made an offer to purchase from the school district in 2006 and was outbid by the current owners, SSC Ventures.

SSC Ventures had applied for rezoning to develop single and multiple family residences but instead listed the property for sale in September.

The upper portion of the site fronting Turner Avenue is one of the only remaining undeveloped properties in Peachland able to accommodate athletic fields and other park amenities requiring flat land.

Related Posts

Leave A Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Do NOT follow this link or you will be banned from the site!