A draft rendering of what a public campground located on the former Waterway Houseboats property could look like. (District of Sicamous Image)

A draft rendering of what a public campground located on the former Waterway Houseboats property could look like. (District of Sicamous Image)

Sicamous plans to buy former Waterway Houseboats property, build campground

Purchase price of $2 million negotiated with receiver who took over this summer

A $2 million offer by the District of Sicamous’ development corporation for the former Waterway Houseboats site has been approved by the receiver in control of the now defunct company’s assets.

The purchase is for the 16.33 acre parcel of land located at 1 Mervyn Road on Mara Lake, including its docks and buildings. As recently as Nov. 8, the land had been advertised for sale for $ 4,495,000.

The district’s stated intent is to develop the property into a recreation area, including a public beach, park, boat launch and 75 RV and camp sites.

Mayor Terry Rysz said approximately two acres of the property will be reserved for a public park.

Read More: Resident issues warning after rats found in another area of Salmon Arm

Read More: Trial for accused in Salmon Arm 7-Eleven blaze will take place in 2020

A release from the District of Sicamous Development Corporation (DOSDC) states converting the land into a beach, park and campground will have a very low impact on the environment, but completion of an environmental assessment remains a condition of the sale. The approval of financing and the completion of a business case are also conditions of the sale.

Rysz said there will be no tax implications from the purchase of the property as revenue from the campgrounds would be used to pay down the debt. He said projections indicate the completed campsite could generate between $500,000 and $600,000 per year.

The DOSDC can abandon their purchase and get its $100,000 deposit back at any time before Jan. 9, 2020, if it is felt the conditions cannot be met.

Read More: UPDATE: Driver treated for minor injuries following collision in Salmon Arm

Read More: Collision on Highway 1 west of Salmon Arm causes power outage

As the property is in receivership, the sale of the property will go before the Supreme Court of B.C. for approval on Jan. 30, 2020, with the sale closing no later than Feb. 28.

Rysz said once the purchase goes through, construction on campsites can begin immediately. He said it is hoped that 50 of the sites can be in operation next year by May or June.

The district is accepting feedback on the project on their website www.sicamous.ca/futuredevelopment.


@SalmonArm
jim.elliot@saobserver.net

Like us on Facebook and follow us on Twitter

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Highway 5 pictured at Zopkios Southbound, Feb. 25 morning. (DriveBC)
Winter storm warning issued for Coquihalla, Highway 3

Up to 30 cm of snow expected by Friday (Feb. 26) morning

Students from Summerland’s Okanagan College often posed for photographs on the Big Rock. The rock was on the northern slope of Giant’s Head Mountain. (Photo courtesy of the Summerland Museum)
Summerland’s Big Rock had been deposited during last ice age

Rock was once a prominent feature on Giant’s Head Mountain

A nurse performs a test on a patient at a drive-in COVID-19 clinic in Montreal, on Wednesday, October 21, 2020. (THE CANADIAN PRESS/Paul Chiasson)
30 new COVID-19 cases, five more deaths in Interior Health

This brings the total number of cases to 7,271 since testing began

(Stock photo)
EDITORIAL: The freedom to read

Books have been challenged many times in the past

Even with COVID travel restrictions the occupancy rate at the campground shot from 17 per cent to 45 per cent in 2020.  Photo Town of Princeton
Princeton’s town-owned RV park caught ‘campfire’ in 2020

Tourism director has even bigger plans for coming year

Dr. Bonnie Henry talk about the next steps in B.C.'s COVID-19 Immunization Plan during a press conference at Legislature in Victoria, B.C., on Friday, January 22, 2021. THE CANADIAN PRESS/Chad Hipolito
456 new COVID-19 cases in B.C., 2 deaths

Since January 2020, 78,278 have tested positive for the novel coronavirus in B.C.

Numbers of new COVID-19 cases for the week of Feb. 14 to 20 appear to be trending down for all local health areas in the North Okanagan-Shuswap. (BC Centre for Disease Control map)
Colours on COVID-19 map getting lighter for North Okanagan-Shuswap

Number of new weekly cases reported by BC Centre for Disease Control drop throughout region

Royal LePage Place, along with the adjacent Jim Lind Arena are the two ice arenas operated by the City of West Kelowna..—Image credit: contributed
$442,200 to replace aging ammonia chiller at West Kelowna arena

West Kelowna is the recipient of a provincial grant to replace the ammonia chiller

The husband wife team of Brett Turner and Olivia Fobert are the bakers and makers behind Joy Road Catering who are opening up a pop up bakeshop this May in the former Craft Kitchen. (Facebook)
Pop-up bakeshop opening in downtown Penticton

Joy Road Catering’s Bakeshop will be offering breads, pastries, lunch bowls and a marketplace

NDP leader Jagmeet Singh holds a press conference on Parliament Hill in Ottawa on Wednesday, Feb. 24, 2021. THE CANADIAN PRESS/Sean Kilpatrick
NDP will not trigger election as long as pandemic continues: Singh

‘“We will vote to keep the government going’

Major renovations are planned for the Centennial Outdoor Rink in Vernon. - Photo submitted
$695K grant to get Vernon rink ready for next season

Provincial funding will go toward replacing chiller at Centennial Outdoor Rink

Smoke dissipates as fire crews respond to smoke that was billowing from a residential building in the 400 block of Fourth Avenue SE in Salmon Arm about 2:30 p.m. on Wednesday, Feb. 24. (Jim Elliot-Salmon Arm Observer)
Residents displaced following Salmon Arm apartment fire

Crews were called to the scene at 2 p.m. on Wednesday, Feb. 24

A chocolate banana cream pie, similar to the smaller version pictured, baked by the Shuswap Pie Company’s Tovah Shantz, fetched $5,000 in this year’s Heritage Week pie auction fundraiser for R.J. Haney Heritage Village and Museum. (Shuswap Pie Company photo)
Made-in-Shuswap pie fetches $5,000 in fundraiser

Heritage Week pie auction raises $51,500 for R.J. Haney Heritage Village & Museum

BC49 logo
$75K lotto ticket sold in Vernon

Check your tickets, someone is winning big through the BC/49

Most Read