Oceanview properties remain unredeemed
Property that was scheduled to be the site of a sprawling golf resort south of Nanaimo remains in the city's hands after being purchased in a tax sale last fall.
The city's finance department confirmed Wednesday that Canadian Property Investments has yet to redeem the 24-hectare property at 1170 Phoenix Way and the 36.5-hectare plot at 1270 Phoenix Way. Both properties are parts of the Oceanview resort and golf course proposal.
The city purchased the former land parcel for $39,858.62 and the latter for $60,990.12 in October after Canadian Property Investments failed to pay taxes over the past three years.
The company has until early October to pay the taxes and regain title to the property.
The plan for the resort includes 2,677 multi-density housing units, spa, gold course, hotel and retail centre.