Back to Blog

A developer with a long history of major projects in Coquitlam has bought a significant chunk of provincial land on Burke Mountain, setting the stage for the next phase of building in the city’s rapidly developing northeast corner.

Wesbild has announced the acquisition of 370 of the 584 acres, north of Coast Meridian Road, put up for sale by the government in January as part of Victoria’s ongoing efforts to dispose of Crown assets and balance its books.

The company has also committed to setting aside two potential sites for future elementary schools, with prices frozen at 2014 levels for the next 10 years.

School District 43 cannot confirm the locations or more details about the deal, however, until it receives more details from the provincial government.

“We need to hear back from the province in terms of the agreement that has been made with Wesbild,” said Ivano Ceccini, principal of facility initiatives for SD43.

He confirmed that the properties are for future needs while the district continues to negotiate with landholders for a site on which to build Smiling Creek elementary school, which will be built first.

Read more: http://www.tricitynews.com/news/252334721.html


Comments

No comments

Post Your Comment: