Forward for Fairwinds

Development in Nanoose Bay that's potentially worth $2.3 billion clears some early hurdles

Two large, related Nanoose Bay developments took another key step in the zoning-approval process Tuesday.

The B.C. Investment Management Corporation’s next portion of the Fairwinds development could include $2.3 billion worth of housing and commercial space in the Schooner Cove and Lakes District projects, spread out in a number of phases eventually totalling 2,500 housing units.

“Everyone’s been kept apprised of the progress and there’s been regular updates,” said Regional District Manager of Current Planning Jeremy Holm. He said Tuesday’s meeting was well attended.

Three related bylaws passed first and second reading and will be sent on to the next meeting of the entire RDN board Nov. 26. The bylaws deal with the site-specific zoning and community water and sewer standards which would allow the development.

The zoning bylaws include many land uses like different types and densities of housing, parks and trails, shops and services, a mixed-use village and marina at the exisiting Schooner Cove Marina and a network of public waterfront boardwalks and paths.

“The bylaws represent a significant milestone in the development approvals process,” Holm said, explaining they are still working on the details of a Phased Development Agreement to solidify the timing of different phases and amenities.

There is a lot of information on the project on the RDN website at http://rdn.bc.ca/cms.asp?wpID=1185 or go to www.rdn.bc.ca and search “Fairwinds.”