Island Corridor Foundation needs regional districts to support E&N rail line plans - Bernard Von Schulmann has posted an interesting analysis of the Island Corridor foundation’s situation as it tries to get the money together to get the E&N...
Update: There were NO BIDS on the Bear Mountain properties at the auction. Party poopers!
Whatever you do, YOU MUST get your ass down to Langford City Hall on Monday, September 28 at 10 am sharp for the real-estate auction of the year! One lucky bidder could scoop up this $7 million property for as little as $351,000!
Lot A, Plan VIP81958, Sec. 81/82/84, Bear Mountain Parkway (outlined in blue). It's just past the "tunnel" on the way to the resort, for local reference. Photo credit: CRD.
A second multi-million dollar property at 2198 Navigators Rise (Parcel ID 025-088-106) is also on the block, and bids start at $75,000. A mere pittance! Bonus: Len Barrie's had a development permit on the property since 2004. So anyone with a little patience should be able to unearth all kinds of arrowheads, artifacts and native bones. Imagine the tourist market potential!
Why invest in piddly Bear Mountain Resort "shares" (at full market value) when you can OWN prime real estate (with full commercial and residential zoning) for literally PENNIES ON THE DOLLAR?*
Hey, you're not stupid, are you? Of course not! So come on down to Lenny and Phil's once-in-a-lifetime (so far) tax auction! Come early, don't be late!
*Some conditions apply. Winning bidder must wait up to one year for current owner to default. Check local bylaws for details about expensive interchange re-payment covenants attached to at least one of the properties.