E&N Station receives 10-year tax exemption

NANAIMO: Station joins three other properties on the Heritage Building Property Tax Exemption list.

The train station on Selby Street opened earlier this year after completion of restoration work from a fire which gutted the historic building. Nanaimo city council added it to the heritage building tax exemption list for the next 10 years.

The train station on Selby Street opened earlier this year after completion of restoration work from a fire which gutted the historic building. Nanaimo city council added it to the heritage building tax exemption list for the next 10 years.

The renovated Esquimalt and Nanaimo train station at 321 Selby St. will join three other Nanaimo properties on the heritage building tax exemption list, which will provide its owners with 10 tax-free years.

City council voted Monday to officially place the building on the list after agreeing in principal to the move in 2010.

Al Kenning, city manager, said that agreement would have been difficult to reverse.

“Investors and owners made business decisions based on the approvals,” said Kenning. “It would be an act of bad faith and would put them in a bad position if council didn’t follow through.”

The Island Corridor Foundation, which owns the land and building, applied for the exempt status because the proposed use at the time, a two-storey Irish pub, would have triggered taxation.

The station, which nearly burned to the ground in 2007, has received $2.6 million in renovations since and recently reopened with the pub and a small waiting area for train passengers.

According to ICF, the waiting area will be completed once the train service is re-established. If passenger rail service is not re-established the room will be leased to another commercial occupant.

A portion of the building has had a permissive tax exemption attached to it for a space used for charitable purposes. The heritage aspect results in the land and entire building being exempt. The exemption could only kick in once the renovation work was complete.

The exemption value over the 10-year period is about $300,000.

To support the project further, the city previously contributed $40,000 in capital funds through the Downtown Nanaimo Business Improvement Area. It also approved a $10,000 Heritage Façade Grant for the stations’ exterior.

Chris Sholberg, the city’s heritage planner, said the goal of the Heritage Building Tax Exemption Program is to provide incentive for property owners to retain and upgrade important heritage buildings to modern standards while benefiting a revitalized downtown neighbourhood.

Other Nanaimo properties on the heritage tax exemption list include the Painted Turtle Guest House, the Great National Land Building at 17 Church St. and the Gusola Block at 104 Commercial St.

Just Posted

District of Lantzville Mayor Mark Swain, left, and Snaw-Naw-As Chief Gordon Edwards sign a memorandum of understanding outside Snaw-Naw-As Market on Friday, June 18. (Greg Sakaki/News Bulletin)
Lantzville and Snaw-Naw-As sign memorandum of understanding

District and First Nation create joint working group

Things are looking up for Vancouver Island as zero COVID-19 cases have been reported for the first time since October. THE CANADIAN PRESS/Darryl Dyck
Island records zero new COVID-19 cases for the first time since October

For the first time since October, the province is reporting zero new… Continue reading

Black Press file photo
RCMP seek suspect in Vancouver Island-wide crime spree

Crimes stretched from Deep Bay to Qualicum, Ladysmith, Chemainus and Youbou

Tilray announces new line of products offering more inexpensive choices for medical cannabis users. (News Bulletin file photo)
Nanaimo-based Tilray launches new medical cannabis product line

Symbios brand products offered at ‘better price point’ for medical cannabis products

Freighters have becomd abundant in the Trincomali Channel on the east side of Thetis Island.
Nanaimo ponders taking on waste from nearby anchored freighters

Vancouver-based Tymac petitioning the Regional District of Nanaimo to accept waste at its landfill

A small pod of Pacific white-sided dolphins pass by close to shore in Campbell River June 16, 2021. Still capture from video courtesy of Kimberly Hart
VIDEO: Dolphin sunset captured from Vancouver Island shore

Spectacular setting for view of travelling pod of Pacific white-sided dolphins

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 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

Regional District of Nanaimo is looking to repair sewage pipe in the Hammond Bay Road area, which was corroded by gas. (Black Press file)
Corroded sewer pipe along Nanaimo’s Hammond Bay Road will cost $5.5 million to fix

Pipe replacement and reinforcement part of $6.9-million infrastructure project

(V.I. Trail/Google Maps)
Now 90% complete, Vancouver Island trail forges new funding parnership

Victoria Foundation takes on Vancouver Island Trail Association; fund valued at $40,000

Karl and Stephanie Ann Johanson were thrilled to spot a pair of Sandhill Cranes in the Panama Flats this month, an unusual appearance for such birds. (Photo by Stephanie Ann Johanson)
WATCH: Sandhill cranes an unusual, joyful sight in South Island parkland

These birds don’t often touch down on their way between northern B.C. and Mexico

Police are asking for public assistance in locating Anthony Graham who has been charged with the murders of Kamloops brothers Carlo and Erick Fryer. (RCMP photo)
2 charged, suspect at large in killings of B.C. brothers linked to gang activity: RCMP

Kamloops brothers Erick and Carlo Fryer were found deceased in May on a remote Okanagan road

Albert Health Minister Tyler Shandro and Alberta Premier Jason Kenney unveil an opening sign after speaking about the Open for Summer Plan and next steps in the COVID-19 vaccine rollout, in Edmonton, Friday, June 18, 2021. THE CANADIAN PRESS/Jason Franson
Alberta 1st province in Canada to lift all COVID-19 public health restrictions

70.2% of eligible citizens 12 and older in the province have received a dose of the vaccine

Most Read