It may take 15 years to complete, but the Squamish Oceanfront Development Corporation (SODC) has a vision for its seaside peninsula, and developers hope to have something to showcase "on NBC" during 2010, according to CEO Mike Chin.
The SODC has sent out a request for proposal to develop a master plan for the oceanfront property formerly known as the Nexen lands that will build on a concept already made public, any deviation of which will include public consultation, said Chin.
Plans will include residential property and some public use land such as a seawall and beachfront, but the organization needs to "keep as much reserved as possible for revenue-generating lands," said Chin.
Some of the challenges expected when drafting a master plan are the contamination of the south end of the property, which Chin said was "nothing to worry about". Other challenges include the need to raise the property by one and half feet to avoid a wave and flood factor, and that SODC doesn't own the entire peninsula. One quarter of the land remains in the hands of Interfor and BC Rail and there's no assurance SODC will get it, said Chin.
But the drawbacks are outweighed by the benefits, namely "if it's not the best location in the corridor, it's near the top," said Chin.
The estimated impact of the development includes a 2,000 to 5,000 population boost, high-end restaurants and retail businesses and a broader need for healthcare products and services for the anticipated retirement population. The site could also encourage development of a marina and a new chartering service.
Market research will answer questions as to the sustainability of such a marina, or a convention centre or a hotel or all of the above, said Chin.
The SODC will begin the master plan process July 1 and intends to hold two open house meetings for public consultation during the process.
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