Current Conditions

Mostly Cloudy
7.2°C

Land sale to fund improvements to park Boyce-Gyro Park in Kelowna

Boyce-Gyro Park is pictured in this Google Street View image.
Image Credit: Google Street View
March 06, 2017 - 2:33 PM

KELOWNA - The City of Kelowna is selling some property on Lakeshore Road to fund improvements to Boyce-Gyro Park.

The 1.2 acres of property at 3326 Lakeshore Road was purchased by the City for $2.95 million in 2006 and is now on the market for $4.9 million, according to a City of Kelowna media release.

Right now it's a gravel parking lot, but will be subdivided and rezoned for park and commercial use.

The City says it plans to use the money from the sale to fund a permanent parking lot and improvements to the beach park on Okanagan Lake.

“Proceeds from the sale of the property will be invested into permanent parking and overall park improvements with minimal use of taxation funding,” strategic land development manager Graham Hood says in a media release. “Enabling development will increase the vibrancy of the park space year-round and support the growing town centre.”

The new lot will have 132 stalls and include an informal drop-off area.

It will also allow the City to reclaim the exisiting parking lot across from Swordy Road for recreational use. The plans for that will be released later this spring.

As well, there will be a new access to Lakeshore Road from Watt Road between the two parcels of land. That will let the City close Watt at Lakeshore until the proposed extension of Lanfranco Road is finished as party of the Road Network Plan.

City council will get the final say on who buys the piece of land and for how much.

132 new parking stalls are planned to go next to Boyce-Gyro Park in Kelowna.
132 new parking stalls are planned to go next to Boyce-Gyro Park in Kelowna.
Image Credit: Contributed/City of Kelowna

To contact a reporter for this story, email Jenna Hickman or call 250-808-0143 or email the editor. You can also submit photos, videos or news tips to the newsroom and be entered to win a monthly prize draw.

We welcome your comments and opinions on our stories but play nice. We won't censor or delete comments unless they contain off-topic statements or links, unnecessary vulgarity, false facts, spam or obviously fake profiles. If you have any concerns about what you see in comments, email the editor in the link above. 

News from © InfoTel News Ltd, 2017
InfoTel News Ltd

  • Popular penticton News
  • Comments
View Site in: Desktop | Mobile