Goldstream News Gazette, July 09, 2014

Page 1

EVERYONE WELCOME • PRIZES • JULY 10th, 8:30am–7pm, Royal Athletic Park

New neighbours

Quality Foods opens new store in Langford this week Page A3

NEWS: Bees and golfers a sweet mix /A7 SPORTS: Rebels put best football foot forward /A9 ARTS: Rock the Shores readies for big weekend /B11

GOLDSTREAM

NEWS GAZETTE

Wednesday, July 9, 2014

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Cuttin’ a concrete rug

Valerie Stanley-Jones and Ken Ogden take advantage of the tunes at the first Music in the Park event at Veteran’s Memorial Park in Langford on Sunday. The summer-long festival of music sees performances from 2 to 4 p.m. every Sunday through Labour Day weekend. Don Descoteau/News staff

Waiting game begins on City Centre development City of Colwood expecting tax money, anticipates new owner Don Descoteau News staff

In a way, the exposed rebar at the stalled Capital City Centre development at Colwood Corners resembles metal weeds that

have sprouted up from a period of neglect. With the liquidation of its assets expected to start in earnest soon, it’s clear the League group, which once had a grand vision for the 13.9-acre site, won’t be the developers of the site. The recent decision to include the Colwood site with League’s other holdings in the court-ordered mass selloff is good news to Colwood Mayor Carol Hamilton. “We’re still sitting with a hole in the ground,” she said. “But I’m hoping there’s

Some choices are hard.

some attraction to it that will bring somebody to the forefront. Hopefully there will be somebody out there who can realize the benefit to what has already been done.” By the time construction stopped on the project last summer, the only work completed was essentially an underground parking lot. While investors in the failed company will receive their vastly diluted share of the funds once the company’s assets have been liquidated, Colwood expects to see the out-

standing property taxes and fees in full. It also includes interest that has accrued. The current amount owed, with interest, is approximately $350,000, according to city finance staff. The mayor stressed that “Colwood is not at risk.” The City Centre situation is far different than when the Lehigh gravel pit closed in 2007-08. PlEASE SEE: No further plans, Page A4

Some are easy.

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