Friday, August 15, 2008

New library turns page toward construction

It only took nine days, but the development permit for the new North Shore library has been rubber-stamped by council.Library Square, in the heart of the North Shore on Tranquille Road, will combine the library with a 140- to 145-unit residential development.The library is expected to cost $6 million; the residential development is valued at more than $30 million.Under the North Shore Neighbourhood Plan’s development-incentive tool, the project qualifies for a tax exemption of 90 per cent.

1 comment:

Anonymous said...

A state of the art library for $6 million in Library Square, you say? In the HEART of the city? Combined with 145 residential units providing at minimum 145 pairs of eyes on the street to thwart crime and lend a community atmosphere to the downtown? With the Regional District retaining ownership of the public space? All done through an 'Expressions of Interest' process?

Now that's what I call Smart Growth, but only in Kamloops, you say? Pity.