Royal Bay land purchase close, says Colwood’s mayor

A buyer has been found for the long-idle Royal Bay property in Colwood.

  • Oct. 28, 2011 5:00 p.m.

A buyer has been found for the long-idle Royal Bay property in Colwood.

Mayor Dave Saunders confirmed with landowner Lehigh Northwest Cement that it has accepted an offer on the 424-acre waterfront property at Metchosin and Latoria roads, rumored to be worth $30 to $50 million. Paperwork to finalize the deal is underway.

“This is absolutely huge for Colwood,” said Saunders, who couldn’t reveal which of the several development firms eyeing the site had the successful offer.

Lehigh has been interested in selling the site since it closed its gravel mine in 2007. In February of last year, it accepted an offer from Calgary developer Statesmans Group, but the deal fell through six months later.

Since then, Saunders has met with a handful of other potential buyers as chair of the City’s planning and land use committee. He encouraged firms to work together on a joint-proposal.

He also personally approached a marina developer with the idea of putting docks at the site. Crown Marine went on to propose a 150-slip marina to the committee, the details for which were leaked to the media.

Any development at the site would be subject to public review and council would have to vote to rezone the land, which is currently slated for 2,800 residential units and commercial space.

Saunders couldn’t say when the details of the sale would be finalized.

“Obviously, from the City’s perspective, we’d like to see it get going sooner rather than later,” he said. “It’s a great opportunity for Colwood to grow its tax base and finally see something happen with that land.”


Just Posted

Greater Victoria enjoys sunny first day of spring

Summer-like temperatures of 21 degrees hit Wednesday for first day of spring

Bitter Saturna land-use dispute highlights legal grey areas

Unhappy Tsawout accuse leadership of cultural destruction

West Shore RCMP reminds vehicle owners to lock it or lose it

Numerous complaints of vehicles rifled through in View Royal

Spring break nature walks – get the kids out into nature!

Spring break, CRD Regional Parks naturalists are hosting three guided nature walks

VIDEO: Can you believe it? This B.C. hill pulls cars backwards up a slope

Sir Isaac Newton had clearly never been to this Vernon anomaly when he discovered gravity

POLL: When do you think the next major earthquake will hit Vancouver Island?

According to seismologists, Vancouver Island is overdue for a magnitude 7 earthquake.… Continue reading

Greater Victoria Wanted List for the week of March 19

Greater Victoria Crime Stoppers is seeking the public’s help in locating the… Continue reading

View Royal council to discuss proposed 3.5% tax increase tonight

Budget open house to directly precede the council meeting

European, Canadian regulators to do own review of Boeing jet

Air Canada plans to remove the Boeing 737 Max from its schedule at least through July 1

Prime minister defends Liberal budget measures as sales effort gets underway

Conservatives under Andrew Scheer say it’s a spree funded by borrowing against the future

Mayor meets with B.C. health minister on homeless taxi transfers

Two homeless people were discharged from Surrey Memorial and sent to a Chilliwack shelter

B.C. lottery winner being sued by co-workers

They claim he owes them $200,000 each, in a lawsuit filed in B.C. Supreme Court in Vancouver

Teacher reprimanded for conduct towards special needs student

Alan Stephen Berry told vice principal he did not have time to use positive strategies

Most Read