Project Title:

Powell River City-Owned Property Strategy

Project Organization:

The City of Powell River

Project Investment:

  • Island Coastal Economic Trust: $20,000
  • Applicant Equity: $20,000
  • Total Budget: $40,000

Project Highlight:

As a result, from the strategy 25 properties were identified as the greatest potential for repurposing.

The City of Powell River has been transitioning from its traditional resource-sector roots and, alongside this evolution, seeking new and innovative ways to strengthen and grow the economy.

The property strategy analysis will examine current use and future opportunities for properties identified as having economic development potential. A thorough review and refinement of land inventory will be carried out, followed by the identification of short, medium, and longer-term redevelopment and disposition sites and, finally, an analysis (on select sites) on the highest and best use of the property.

Creation of the strategy and action plan will involve consultation with local stakeholder groups and the general public, as well as internal municipal departments. The project will enable Powell River to assess new prospects for partnership and redevelopment.

Island Coastal Economic Trust approved funding for this project in 2020 through the Capital and Innovation program.