Monday September 01, 2014

Two-year-old Kamloops land deal boosts 2013 B.C. budget

Parcel sold for $1.8 million to accommodate new seniors health-care facility

The provincial budget released Tuesday shows a revenue strategy of selling 16 properties around B.C. including “a large” parcel in Brocklehurst.

“To help balance the budget, we will sell some surplus, under-used property and assets that sit on government’s books and cost taxpayers money without providing a good return,” states the budget. “Sales of surplus properties and assets totalling $625 million over the next two years.”

The land in Kamloops is located in the 1900 block of Tranquille Road, but Brock residents shouldn’t expect a new residential development anytime soon.

That’s because the land is already sold — in fact it’s already under development with a seniors care facility.

The parcel, which is just west of the Riverbend seniors complex, is what remained of the former Desmond orchard farm.

Interior Health purchased it after Humphrey Desmond died about three years ago.

In 2011, IH reached a deal with Buron Healthcare to sell the land for $1.8 million to accommodate a new seniors health-care facility.

The first phase of construction began last May.

The deal appears in the 2013 budget speech as a source of revenue because the sale is only now being finalized, according to an IH spokesperson.

The new facility will house 130 beds to start — 125 publicly subsidized by IH and five private.

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