 | The city takes control of the 60 acre golf course property (which is unsuitable for development because of aquifers) at 480 Penno Road while transferring 9.1 acres of city-owned industrial land at 3199 Hollywood Road North. |
 | The newly created lot was carved out of a municipal property that will become the Central Okanagan’s new bus barns. The land was removed from the ALR. It's a prime commercial location, close to Highway 97 and the University of B.C. ChatGPT tells us that on the low end, 10 acres of commercial land in Kelowna will be worth $20M. Assuming the high end is closer to $30M, the City of Kelowna is returning the entire purchase price of the Kelowna Springs purchase to Denciti. Denciti retains it’s 46 acres of land adjacent to the golf course which remains subject to an application for industrial land use. The sweetheart Denciti deal clears the way for industrial development on the 9.1 acres it would acquire from the city as well. Why would the City give away lands that it might need for its bus depot expansion? Why did the City buy that land if it was going to then give it away? |
 | His salary increased from $264K in 2019 to $384K in 2024. Gilchrist’s pay package is just $5k less than the city manager’s salary in Vancouver, a city more than four times the size of Kelowna. “There’s vast differences about the breadth and depth of the services we provide.” he lied. |
 | Meanwhile, new zoning is coming for major business park development in Lake Country. The Lake Country Business Park, formerly known as the Glenmore Industrial Lands, will encompasses 200 acres stretching south along Glenmore Road and west along Okanagan Centre Road. Conservative estimates suggest there is already in excess of a 50 year supply of industrial land in the Okanagan. There is zero demand for more. |
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