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FEBRUARY 2016

» KAMLOOPS

–PAGE 6 West Kelowna Business Park Industrial Office Retail

VERNON Keith Construction

Now Leasing>>

is now into its second generation of ownership

250.763.6789

Thompson/Okanagan

ArgusProperties.ca

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PAGE 10

Cando Rail Services expands services into BC, bringing jobs and improving transportation options

KELOWNA Ian Paine Construction

BETH HENDRY-YIM

designed and built

K

the Silver award winning home from the ground up



New Rail Service adds to Kamloops transportation hub

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AMLOOPS – Cando Rail Services expands operation into British Colu mbia w ith the pu rchase of a n 89-acre pa rcel of la nd i n Kamloops. Slated to serve as the company’s BC headquarters, the former Weyerhauser Company sawmill site will now house a terminal with a capacity for 1,000 railcar storage spots. In addition, it will provide transloading, material handling, engineering, and track and mechanical services.

SEE NEW RAIL SERVICE   |  PAGE 15

INDEX News Update

2

Salmon Arm

3

Kelowna 4 Summerland 4 Vernon 5 Kamloops 9 Opinion 22

P

23

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$25 Million Project Planned for South Okanagan Events Centre BY DAVID HOLMES

Green Sheet

Cando said it would have 250 storage spots ready for June of this year

Approval Given For New Penticton Casino

Movers and Shakers 20 Sales 23

Brian Cornick said that Cando will have a positive impact on employment in Kamloops

ENTICTON – The green light has been given for Gateway Casinos and Entertainment to proceed with its $25 million plan to move its Lake City Casino Penticton from its present location to the South Okanagan Events Centre (SOEC). “Our motivation was that we’ve been in the existing facility for over 15 years now. We are presently tenants at the Lakeshore Resort and our lease is set to expire in a couple of years,” explained Jagtar Nijjar, Senior Vice President, Operations for Gateway Casinos. “Our relationship with the hotel has always been great, but was

confined as to the amount of space we could actually use. The casino industry in general and the customer’s needs in particular have changed over time as well. While parking at the existing site is an issue the larger concern was the amenities people have come to expect. Previously gaming facilities were catering only to the gamer and those individuals had a minimal food and beverage requirement. Today we’re catering toward the casual gamer as well as those who don’t game at all but are only interested in a good night out.” Currently situated at the Penticton Lakeside Resort, the Lake City Casino features less than half of the square footage of the planned new and rebranded Cascades Casino

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Penticton. “The foot print of the new casino will be a little more than double what we currently have at the existing location. We’re probably hovering at around 35,000 square feet at the new location, compared to our existing square footage of about 17,000. In the new centre we’ll have the opportunity to introduce our Match Eatery and Public House into this facility,” Nijjar explained. Located at 853 Eckhardt Ave. West in Penticton the SOEC is one of the premiere recreational complexes in the Okanagan. The new Gateway casino is slated for completion in spring 2017 and owing to its larger size it’s expected to bring as many as 150 new jobs to the city. The final hurdle Gateway had to

cross occurred during a recent Penticton City Council meeting when final approval was given for the move to proceed. “City council has given us approval for the relocation of the casino. The relocation itself is actually governed by the Province of BC through the BC Lottery Corporation (BCLC) and through the Gaming Control Act,” he said. Nijjar said the name change is part of the company’s overall redevelopment plan. “We are retiring the Lake City Casino brand over time. We had a Lake City Casino in Kamloops, that’s now become Cascades Kamloops. Penticton is now becoming Cascades Penticton, SEE APPROVAL GIVEN FOR NEW PENTICTON CASINO   |  PAGE 5

Business Examiner Thompson/Okanagan - February 2016  

Featuring the latest business news and information from Kamloops, Salmon Arm, Vernon, Kelowna, Summerland and Penticton.

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