Kelowna Mountain seeks to build $100 million Wine Park

Kelowna Mountain developer Mark Consiglio arriving to the press conference with his son, Ty.
December 02, 2013 - 8:35 AM

KELOWNA - Kelowna Mountain developer Mark Consiglio announced Friday afternoon that the B.C. Securities Commission granted approval to resume trading its Limited Partnership units.

In August, 2012, the B.C. Securities Commission issued a Cease Trade Order against Kelowna Mountain for failing to file an offering memorandum in accordance with the Securities Act. To begin selling securities again, Consiglio had to disclose more information and give shareholders an opportunity to get their money back. 

“Eighty-eight per cent of our 528 unit-holders stayed in our project,” Consiglio said.

The announcement came during a press conference at Kelowna Mountain where Consiglio also unveiled drawings of an ambitious, 11 million sq. ft., $100-million Wine Park, which he says complies with current zoning regulations.

“The Park will feature a two kilometer-long canal and promenade, surrounded by 12 spectacular, architecturally-unique greenhouses, each growing grapes for 12 different wine products,” said Consiglio. “Our family and investors hope that the wine park will become the most popular, single-owner tourist attraction in British Columbia.”

The area is currently zoned RU-1, which allows agricultural use, agri-tourism use and accommodation as well as a winery. Buildings cannot exceed four stories.

“The buildable square footage under our existing zoning is over 11 million square feet,” he said. “That’s approximately 11 Orchard Park Malls.”

Answering questions from reporters, Consiglio also spoke about court action he is pursuing to force the Central Okanagan Regional District to issue an occupancy permit for a $5 million building he was previously granted a building permit for.

“We disagree with the Regional District’s clause that they put in our occupancy permit,” he said. “We have asked the courts for what’s called a Judicial Review…to see if the District has the right to issue someone a building permit, watch them spend $5m building it, and then say that they can’t use (it).”

The Regional District has until next Friday to file their response.

“I’m sure within 30 days after that, a judge will review the information and… perhaps once and for all we will clearly see that Kelowna Mountain has been following the rules, getting the permits that we needed to get and building everything as we should.”

“I can hardly wait for it to be before the courts and let a higher authority render a decision that is fair.”

To contact the reporter for this story, email Adam Proskiw at aproskiw@infotelnews.ca, call (250) 718-0428 or tweet @AdamProskiw.

A sketch on display shows one of the 11 structures developer Mark Consiglio hopes to build on Kelowna Mountain.
A sketch on display shows one of the 11 structures developer Mark Consiglio hopes to build on Kelowna Mountain.

News from © InfoTel News Ltd, 2013
InfoTel News Ltd

  • Popular kamloops News
  • Comments
  • BROKEN JAW, MISSING TEETH: What you need to know before getting your pet's teeth cleaned
    "IT WAS VERY BRUTAL" KELOWNA – Cheryl Lyse and her husband Warren thought they were doing the right thing for their eight-year-old Shih Tzu, Lexy, by taking her to get her
  • Terrifying video of gorilla smashing barrier at zoo
    A silverback gorilla rushes at the plexiglass barrier at this zoo, scarying the you-know-what out of a family out for a day at the zoo. The gorilla hit the barrier so hard he left a big crac
  • Oh, by the way, we had twins
    As family and friends congratulate a couple on the new addition to their family they don't know if the baby is a boy or girl. Turns out they are in for an even bigger surprise. The
  • Missing Kamloops woman
    KAMLOOPS – RCMP are hoping someone has seen a woman who went missing on Monday. Police say they are concerned about Tracey Dallyn’s, 50, well being and would like her to contact
  • Playoff series turns nasty between Calgary Flames, Vancouver Canucks
    CALGARY - The Calgary Flames won games this season because they were fast and fit. They're now playing meaner given the ornery turn in their playoff series with the Vancouver Canucks. Th

View Site in: Desktop | Mobile