City takes possession of Oceanview properties in tax sale

Two properties at Oceanview Resort and Golf Course, formerly Cable Bay, was purchased by the city last Monday at a tax sale after the property's owner, Canadian Property Investments, failed to pay about $100,000 in taxes over the past three years.

Property that was scheduled to be the site of a sprawling golf resort is now in the City of Nanaimo’s hands.

Two properties at Oceanview Resort and Golf Course, formerly Cable Bay, was purchased by the city last Monday at a tax sale after the property’s owner, Canadian Property Investments, failed to pay about $100,000 in taxes over the past three years.

The city purchased the 24-hectare parcel at 1170 Phoenix Way as well as the 36.5-hectare parcel at 1270 Phoenix Way. Those properties were recently assessed at $2.3 million and $3.4 million respectively.

The upset price was $39,858.62 for 1170 Phoenix Way and $60,990.12 for 1270 Phoenix Way, said Laura Mercer, spokeswoman for the city’s finance department.

“They have one year to pay off all of the taxes owing and then they can get the property back,” she said.

The city routinely purchases properties at the annual tax sale, both residential and commercial, to give the owners an opportunity to keep their property and pay their taxes. The city’s goal, Mercer said, is to collect the taxes rather than have the property transferred.

Kim Richard, spokesman for Canadian Property Investments, said that the company intends to move forward with the project once the economic climate improves.

Canadian Property Investments purchased the entire 190-hectare piece of land for about $5 million and tried to flip it last year for $60 million with no takers.

The project was the subject of controversy in 2008 when its owners applied to move Nanaimo’s urban containment boundary to accommodate the design for the 18-hole golf course. That move was defeated through an alternative approval process.

The property was successfully rezoned, however, into resort land, which many residents said compromised the Official Community Plan.

The plan for the resort includes 2,677 multi-density housing units, an 18-hole golf course, spa, hotel and retail centre.

Last November, a company spokesman said it would need to finance about $80 million and the housing market would need to improve before it moved ahead with the project.

reporter2@nanaimobulletin.com

Just Posted

Janice Coady, left, Aimee Chalifoux and Linda Milford at a vigil for Amy Watts on Wednesday, June 16, outside Nanaimo city hall. (Greg Sakaki/News Bulletin)
‘We need to do better,’ says mother of woman who was killed in Nanaimo

Vigil held for former outreach worker Amy Watts, whose body was found downtown June 3

The B.C. Ministry of Education has announced close to $44 million for the province’s schools for COVID-19 recovery. (News Bulletin file)
Nanaimo-Ladysmith school stakeholders say COVID-19 recovery funding can make a difference

B.C. Ministry of Education announces it expects a ‘near-normal’ return to class in September

Nanaimo artist Melissa Anderson has paintings on display at White Rabbit Coffee Co. for the next month. (Josef Jacobson/News Bulletin)
Nanaimo painter showcases coastal Island views in first exhibit in two years

Melissa Anderson presents ‘Seascapes’ oil painting exhibit at White Rabbit Coffee Co.

New COVID-19 cases on Vancouver Island by local health area for the week of June 6-12. (B.C. Centre for Disease Control image)
New COVID-19 cases up on Island, but health officials say trends going right way

There were 22 new COVID-19 cases in Greater Victoria last week after just four the week before

People line up to get their COVID-19 vaccine at a vaccination centre, Thursday, June 10, 2021 in Montreal. THE CANADIAN PRESS/Ryan Remiorz
Vaccines, low COVID case counts increase Father’s Day hope, but risk is still there

Expert says people will have to do their own risk calculus before popping in on Papa

The Co-op gas station at Whiskey Creek is burning after a camper van exploded while refueling just before 4 p.m. on Thursday, June 17, 2021. (FACEBOOK PHOTO)
Exploding camper van torches Highway 4 gas station between Qualicum Beach and Port Alberni

Highway traffic blocked after Whiskey Creek gas station erupts into flames

Helen Austin performing with Trent Freeman at the 2018 Vancouver Island MusicFest. Austin is one of the many performers listed for the 2021 event.
Vancouver Island MusicFest goes virtual for 2021

Black Press to stream 25 hours of programming July 9-11

Greater father involvement in the home leads to improved childhood development and increased marital satisfaction, says expert. (Black Press Media file photo)
Vancouver Island researcher finds lack of father involvement a drag on gender equality

Working women still taking on most child and household duties in Canada: UVic professor

FILE – A science class at L.A. Matheson Secondary in Surrey, B.C. on March 12, 2021. (Lauren Collins/Surrey Now Leader)
Teachers’ union wants more COVID transmission data as B.C. prepares for back-to-school

BCTF says that details will be important as province works on plan for September

Provincial health officer Dr. Bonnie Henry outlines B.C.’s COVID-19 restart plan, May 25, 2021, including larger gatherings and a possible easing of mandatory masks on July 1. (B.C. government photo)
B.C. records 120 new COVID-19 cases, second vaccines accelerating

Lower Pfizer deliveries for early July, Moderna shipments up

A Heffley Creek peacock caught not one - but two - lifts on a logging truck this month. (Photo submitted)
Heffley Creek-area peacock hops logging trucks in search of love

Peacock hitched two lifts in the past month

The Calgary skyline is seen on Friday, Sept. 15, 2017. THE CANADIAN PRESS/Jeff McIntosh
2 deaths from COVID-19 Delta variant in Alberta, 1 patient was fully immunized

Kerry Williamson with Alberta Health Services says the patients likely acquired the virus in the hospital

The first suspension bridge is the tallest in Canada, with a second suspension bridge just below it. The two are connected by a trail that’s just over 1 km. (Claire Palmer photo)
PHOTOS: The highest suspension bridges in Canada just opened in B.C.

The Skybridge in Golden allows visitors to take in views standing at 130 and 80 metres

Most Read