3L Developments is hosting a Wednesday open house that affords the public an opportunity to comment about the property the company owns in and around Stotan Falls.
The Nanaimo-based developer had proposed to create a riverfront community near the popular swimming hole, with homes and trails at the confluence of the Puntledge and Browns rivers. But the regional district board rejected an offer to purchase the property, saying the proposal is not in synch with the Regional Growth Strategy (RGS), a document that guides growth and development in the Valley.
Last spring, 3L temporarily blocked traffic flow on Comox Logging Road by closing two sets of gates on Duncan Bay Main.
The company has since reopened the gates and submitted a rezoning application to sell 10-acre parcels on the property. There is no longer a parkland dedication aspect, which was part of the original offer.
“It’s a $720-million project that’s going to be gone,” said company spokesman Kabel Atwall, who considers the RGS to be a convoluted document.
“It’s difficult to do business here,” he said. “We’ve got to do something with it (land). I think we’ve been more than patient.”
The open house runs from 7 to 9 p.m. at the Elks Hall at 231 Sixth St. in Courtenay.
reporter@comoxvalleyrecord.com
