City of Kelowna buying land around the landfill.

City of Kelowna buying land around the landfill.

Postby featfan » Jan 10th, 2019, 1:06 pm

The largest property is at 1555 Glenmore Rd. It’s listed in the B.C. Assessment rolls as 107.6 acres worth a total of $905,063. That includes about $72,000 for the land and $833,000 for a 2,500 square foot house.

B.C. Assessments’ latest figures are based on values calculated as of July 1, 2018.

The other property is at 855 Packinghouse Rd., valued at $1,167,000. That’s just for the 73.47 acres of land as no buildings are listed for the property.

Together, the two were assessed at $2.1 million, or about 18 per cent of the $11.9 million the city paid for the land.

Be real nice if Castanet looks deep into this.
featfan
Generalissimo Postalot
 
Posts: 786
Likes: 918 posts
Liked in: 331 posts
Joined: Jul 21st, 2005, 10:48 am

Re: City of Kelowna buying land around the landfill.

Postby alanjh595 » Jan 10th, 2019, 1:15 pm

How much do you think those properties are worth? Considering that neighbour is a dump.
If at first you don't succeed, skydiving is not for you.

soupy likes this post.
User avatar
alanjh595
Guru
 
Posts: 6930
Likes: 2648 posts
Liked in: 3688 posts
Joined: Oct 20th, 2017, 4:18 pm

Re: City of Kelowna buying land around the landfill.

Postby gman313 » Jan 10th, 2019, 1:19 pm

damn rights they should be paying big. They completely screwed Troika over on this by denying the permit.

1. More housing in Kelowna is good
2. That dump is well run and doesn't smell
3. They screwed Troika

It is also cheaper to expand that landfill now they have the space then find something different.
gman313
Grand Pooh-bah
 
Posts: 2884
Likes: 1243 posts
Liked in: 1425 posts
Joined: Sep 15th, 2008, 7:03 pm

Re: City of Kelowna buying land around the landfill.

Postby Scrobins94 » Jan 10th, 2019, 1:34 pm

And everyone in Castanet is a suddenly a City Planner.

3 people like this post.
Scrobins94
Board Meister
 
Posts: 396
Likes: 968 posts
Liked in: 341 posts
Joined: Jan 15th, 2017, 4:42 am

Re: City of Kelowna buying land around the landfill.

Postby dirtybiker » Jan 10th, 2019, 1:37 pm

Wow, I need the C of K to do my bidding on property.

I looked at a couple acre parcel with a tear down shack that came close in
price as they got for 107 acres with a house.

Empty lots on 15% grade rock faces for near half a mill...

Wonder if I could buy two acres that the house sits on ?

I'll buck up $182,000, and never complain obout the landfill....
"Don't 'p' down my neck then tell me it's raining!"

2 people like this post.
dirtybiker
Guru
 
Posts: 6929
Likes: 6951 posts
Liked in: 3197 posts
Joined: Mar 8th, 2008, 6:00 pm
Location: Central OK

Re: City of Kelowna buying land around the landfill.

Postby Omnitheo » Jan 10th, 2019, 2:01 pm

Scrobins94 wrote:And everyone in Castanet is a suddenly a City Planner.


Nothing new here. [icon_lol2.gif]
"The Charter of Rights and Freedoms protects all Canadians, every one of us, even when it is uncomfortable."
- Justin Trudeau

Scrobins94 likes this post.
User avatar
Omnitheo
Guru
 
Posts: 5139
Likes: 7819 posts
Liked in: 4064 posts
Joined: Jul 19th, 2011, 9:10 am

Re: City of Kelowna buying land around the landfill.

Postby LANDM » Jan 10th, 2019, 2:12 pm

featfan wrote:The largest property is at 1555 Glenmore Rd. It’s listed in the B.C. Assessment rolls as 107.6 acres worth a total of $905,063. That includes about $72,000 for the land and $833,000 for a 2,500 square foot house.

B.C. Assessments’ latest figures are based on values calculated as of July 1, 2018.

The other property is at 855 Packinghouse Rd., valued at $1,167,000. That’s just for the 73.47 acres of land as no buildings are listed for the property.

Together, the two were assessed at $2.1 million, or about 18 per cent of the $11.9 million the city paid for the land.

Be real nice if Castanet looks deep into this.


Are you implying that there is something amiss with the amount paid vs assessed value?

Is there anything triggered about the $72k valuation on the 107 acres? Perhaps farm status? Ding ding...correct!
LANDM
Guru
 
Posts: 6559
Likes: 1840 posts
Liked in: 3482 posts
Joined: Sep 18th, 2009, 10:58 am

Re: City of Kelowna buying land around the landfill.

Postby one wheel » Jan 10th, 2019, 5:00 pm

Everyone should be pleased the City is looking ahead & buying land around the landfill now so it can expand as our city grows.
We produce garbage & it has to go somewhere.

If this landfill were to close just where could another be put ? Then you would hear from all the NIMBY's.

2 people like this post.
one wheel
Fledgling
 
Posts: 235
Likes: 31 posts
Liked in: 234 posts
Joined: Dec 9th, 2017, 9:38 pm

Re: City of Kelowna buying land around the landfill.

Postby Whyme2 » Jan 10th, 2019, 8:25 pm

Why can’t we ship our garbage to Ontario see it’s a firm that’s going to be picking it up!
Whyme2
Generalissimo Postalot
 
Posts: 918
Likes: 35 posts
Liked in: 429 posts
Joined: Dec 13th, 2011, 4:37 pm

Re: City of Kelowna buying land around the landfill.

Postby cuba108 » Jan 10th, 2019, 11:10 pm

Scrobins94 wrote:And everyone in Castanet is a suddenly a City Planner.


And a social worker, lawyer, developer, etc. etc. . So many experts on Castanet, and always the same dozen or so whiners.
cuba108
Fledgling
 
Posts: 117
Likes: 17 posts
Liked in: 84 posts
Joined: Oct 4th, 2013, 6:55 am

Re: City of Kelowna buying land around the landfill.

Postby 60-YEARS-in-Ktown » Jan 10th, 2019, 11:44 pm

As far as I know , when Troika bought or got an interest in that land, they did not have a guarantee that they could build their style of development.
Correct me if I am wrong, but owning the land does not mean you can always build your vision on it.
I'd like to help You OUT,
Which way did You come in??

3 people like this post.
User avatar
60-YEARS-in-Ktown
Lord of the Board
 
Posts: 4006
Likes: 536 posts
Liked in: 2242 posts
Joined: Sep 24th, 2006, 10:43 am
Location: Wrong side of the Tracks

Re: City of Kelowna buying land around the landfill.

Postby Grandan » Jan 11th, 2019, 7:18 am

featfan wrote:The largest property is at 1555 Glenmore Rd. It’s listed in the B.C. Assessment rolls as 107.6 acres worth a total of $905,063. That includes about $72,000 for the land and $833,000 for a 2,500 square foot house.

B.C. Assessments’ latest figures are based on values calculated as of July 1, 2018.

The other property is at 855 Packinghouse Rd., valued at $1,167,000. That’s just for the 73.47 acres of land as no buildings are listed for the property.

Together, the two were assessed at $2.1 million, or about 18 per cent of the $11.9 million the city paid for the land.

Be real nice if Castanet looks deep into this.

My guess is that the City will turn these properties into parkland in a similar way that they do with lakefront. In that model, the strip along the waterfront becomes park and the remainder is resold as development land.
Parkland is needed in Glenmore and this would fit the bill. Likewise, land for housing is also needed and it is possible that the non park portions will be resold at a profit as development land.
It is not uncommon for land to sell for significantly more than BC Assessment values.
The properties include the most significant portions on Diamond Mountain (Tonn Mountain) It includes all of the highest elevations on the peak. This great news for Glenmore and city residents as well as it is relatively untouched natural land except for grazing. Good move.
Waste not

Lady tehMa likes this post.
Grandan
Übergod
 
Posts: 1954
Likes: 188 posts
Liked in: 919 posts
Joined: Aug 14th, 2007, 3:05 pm
Location: Kelowna

Re: City of Kelowna buying land around the landfill.

Postby the truth » Jan 11th, 2019, 8:41 am

Scrobins94 wrote:And everyone in Castanet is a suddenly a City Planner.


kelowna has a city planner since when :135: [icon_lol2.gif]
"The further a society drifts from truth the more it will hate those who speak it." -George Orwell

gman313 likes this post.
User avatar
the truth
Buddha of the Board
 
Posts: 16070
Likes: 10937 posts
Liked in: 6420 posts
Joined: May 16th, 2007, 8:24 pm
Location: kelowna

Re: City of Kelowna buying land around the landfill.

Postby gjohns87 » Jan 11th, 2019, 8:41 am

Hopefully some of the land is sold off for commercial use - could use a few smaller stores similar to what is on Yates road across from The Verve apartment complex.
gjohns87
 
Posts: 32
Likes: 0 post
Liked in: 21 posts
Joined: Apr 28th, 2005, 4:18 pm

Re: City of Kelowna buying land around the landfill.

Postby dirtybiker » Jan 11th, 2019, 12:14 pm

Grandan wrote:[snip] land for housing [snip] resold at a profit as development land.
[snip] This great news for Glenmore and city residents as well as it is relatively untouched natural land except for grazing. Good move.


Pretty sure that would not sit well within the confines of ethical management.

Not since the City shot down the presented proposal to develop the lands in
question.

Now to purchase at reduced rates and develop would be downright shady
,
unethical, and....and.....

Afterthought (and just a thought)
The City could use to replenish their sand, gravel and rock supplies depleted from
their westside pit though, this would likely fit that bill quite nicely.
perfect hub location.

In turn it would open the area as usable landfill operations.
"Don't 'p' down my neck then tell me it's raining!"
dirtybiker
Guru
 
Posts: 6929
Likes: 6951 posts
Liked in: 3197 posts
Joined: Mar 8th, 2008, 6:00 pm
Location: Central OK

Next

Return to Central Okanagan

Who is online

Users browsing this forum: CommonCrawl [Bot], pieinthei, Scrobins94 and 5 guests