By Steve Kidd - Penticton Western News Published: July 17, 2012 3:00 PM
Retirement resorts are on their way to being a permanent part
of Penticton’s economic investment zone bylaw, but the amendment is not
travelling an easy path. The focus of the debate is Southwood Retirement
Resort, a proposed project for the area now occupied by Waterworld RV
park off Yorkton. The developer, Eric Hall of Regency Resorts, requested
his project be included under the bylaw, which would trigger a $500,000
tax incentive. Earlier this month, Penticton city council voted
to support his development permit application. At Monday’s meeting,
council gave three readings to an amendment making retirement resorts a
permanent part of the bylaw. Coun. John Vassilaki, who spoke out against the exemption when
it was brought up for council’s consideration earlier this month,
remained firmly set against it. “I believe we are getting away from the original
spirit of the bylaw,” said Vassilaki, who felt the bylaw was intended to
support commercial and industrial enterprises. “Now we are starting to
allow for a certain type of residential that I don’t think fits.” (more)
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