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.
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