For now, Pineridge remains open for tee times. The date of the public hearing for rezoning is not known. Yard said if approved, the project would be built out over 10 years, driven by the market. Asked if the decision was due to bottom line, Yard called that a “legitimate” consideration. The total value of a residential subdivision, with individual lots sold, is untold. “Golf, as a sport, has taken a big hit,” he said.īC Assessment has the Pineridge property valued at $1.7 million. Supply of courses both locally and across North America exceeds demand, Yard said. In addition, Pineridge does not have practice facilities, nor a large enough clubhouse to host weddings or other functions that supplement green fees at other course, such as Rivershore Estate and Golf Links and The Dunes at Kamloops. McArthur Island Golf Course was a similar-style track that shuttered in 2017. Pineridge, a pitch-and-putt style course, attracts ladies and beginners, he said, but not golfers who wish to pull out a driver, due to the short nature of the course, which consists mainly of par three-holes. Yard said the golf industry has been in a slump during the past five years, with fewer young people joining the sport due to increased entertainment options. It changed ownership in 2008, at which time Yard, living in the Lower Mainland, bought in. “It’s a pretty big possibility,” he said. Yard sees the project as a benefit to the community, including residential opportunities, parkland and improved road safety. There are also discussions about a frontage road developed adjacent to the highway. Yard said the rezoning is contingent upon the city park space and negotiations are also in the works with the Ministry of Transportation to address access to Holman Road, Dallas Drive and the East Trans-Canada Highway. Though plans remain tentative and in flux, Yard said 12 hectares (30 acres) would be redeveloped into housing - currently planned for 390 units, a mix of condos, duplexes, townhouses and single-family homes - with the city taking over 18 hectares (45 acres) for open park space. The rezoning application calls for multi-family-medium residential, comprehensive residential and open space. between Dallas and Valleyview, is zoned agricultural. The 30-hectare (75-acre) property, located at 4725 East Trans Canada Hwy. “The best use for this land is residential development,” co-owner Dave Yard told KTW, noting significant development on either side of the golf course in recent years, including Orchards Walk and condos next to the Petro Canada gas station. The golf course remains open for now, but would be closed with redevelopment. Pineridge Golf Course is up for rezoning, with plans to transform the 18-hole, par three executive course into a residential development, including potentially nearly 400 units, and parkland.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |