May 21, 2014 1:37 am

Big plans for Peachland

A developer is proposing $35 million for water and sewer upgrades if the New Monaco development is approved in Peachland.

Global News

PEACHLAND, B.C. – Peachland council is considering a large new neighbourhood.

A development plan to build hundreds of homes and thousands of square feet of commercial space on a 50 hectare parcel of land on the outskirts of town.

It’s a 20 plus year plan but it’s piqued a lot of interest right now and was the focus of a public hearing Tuesday night.

New Monaco is proposing 2800 units, mostly multi-family along with 250,000 sq/ft of commercial space and a seniors care facility.

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The land in question is located below the Okanagan Connector interchange, most of it undeveloped hillside.

If the project gets the go ahead the entire community of Peachland stands to benefit with the developer handing over more than $35 million earmarked for water and sewer upgrades, community amenities and affordable housing.

During Tuesday’s public hearing, most people spoke in support of New Monaco’s proposal but some concerns were raised about the development succeeding.

References were made to past projects that had failed or stalled.

New Monaco Vice President of Development, Mark Holland told the crowd that his company will not proceed with any construction until all of the money is in place.

Several bylaw and OCP amendments are still necessary before the project can get the green light from Peachland council.

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