News

Estimates show $6 million with SIX-figure CefiCit vrvereereeren

An anticipated operating: deficit
for a new community hall facility
is estimated at $100,-$120,000 per
year in the land use brief prepared
by the Memorial Park Society and
the Sidney and North Saanich
Community Hall Association.

“This performa operating budg-
et assumes a fundamental point,
namely that the parcel on which
the community hall is situated is
not assessed property taxes,” the
brief said.

About 70 per cent of potential
revenue is earned from local and
regional market activities.

The two organizations estimate
it will cost $3 million to build a
building of 36,000 square feet
maximum on about 120,000
square feet of land.

The committee is assuming a
land and building assessment of
$4.5 million, with property tax at
1992 rates about $62,000, if the
development is considered recrea-
tion non-profit for tax purposes.

However, one suggestion is for
the municipalities to own shares in
a corporation, “and thus, in the
interest of minimizing the tax
burden to the community, may be

Engineer says wail on land use
until fransporiation issue solved

The property at the southeast
comer of Beacon Avenue and the
Pat Bay Highway is the “most
important piece of land, so it’s
most important that no mistakes
are made,” transportation engineer
Bill Zonnenberg said.

“The picture is a lot bigger than
just Sanscha or the Memorial Park
Society, Zonnenberg said. “It’s a
complex issue.

“Tf you talk land us, you have to
talk transportation integration,’ he
said. “Unless both are looked at,
at the same time, you don’t give
credit to one or the other.”

In December, 1990, Zonnenberg
prepared a report for Sidney Mayor
Marie Rosko detailing four options
for improving transportation in
and around the Town of Sidney,
including options to realign the Pat
Bay Highway west between
McTavish Road and John Road.

In an interview with The Review
Sunday, Zonnenberg said he is two

or three weeks away from complet
ing a report On a transportation
system for the Peninsula that is
related directly to land use.

He believes the “bottom line is
no development can take place
unless something is done drasti-
cally with transportation.”

The redevelopment of the prop-
erty would create a traffic generat-
or that needs to be addressed with
other traffic in the area, he said.

“We're talking about 10, 20 and.

30 years in the future,” Zonnen-
berg said.

Option One of the land use brief
includes leaving the Bevan Avenue
connector in place. But Zonnen-
berg says the Bevan connector and
the development are not compati-
ble.

Despite concerns for complete
planning, Zonnenberg said the
plans show “good initiative” and
he has been involved in discus-
sions with both aie

permitted to exempt the hall and
associated land from property tax-
ation.

This requires the formation of a
new SANSCHA Corporation with
24 per cent shares issued to the
Town of Sidney, 24 per cent to the
District of North Saanich and 52
per cent to the se vamaa as

575 BAY ST

TheReview Wednesday; November aD 1992 == NE
>

{ THE BEAR PUB {
PRESENTS... x

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WISEGUY

ONE NIGHT ONLY

SAT NOV. 2th

represented by individuals elected
from the two respective communi-
ties.

The Memorial Park Society |
would enter into a long-term lease
with this new SANSCHA. {

“These costs are for illustrative |
purposes only,” the land brief’
wains.

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