Tuesday, June 15th, 2021
- The parties signed a binding purchase & sale agreement following productive discussions -
The Kin Park Property in Creston, currently owned by School District No. 8 (Kootenay Lake), will soon be split between new owners: Lower Kootenay Band and the Town of Creston.
The District had received offers to purchase the property from both the Town and Lower Kootenay Band in the fall of 2020. Since then, all three parties continued discussions as to how they and stakeholders in the Creston Valley could benefit from the future use of the property.
It turns out the 4.7-acre property is large enough to satisfy the plans of both Lower Kootenay Band and the Town of Creston. Following on the Town’s Official Community Plan, the Town plans to use its 2.7 acre part of the property for recreational and community uses. As for the Lower Kootenay Band, it would intend to use its 2.0 acre part of the property to develop new housing.
In a joint statement, Chief Jason Louie, Mayor Ron Toyota and Board Chair Lenora Trenaman said:
We are pleased to arrive at a ‘Win-Win-Win’ agreement between School District No. 8, Lower Kootenay Band and the Town of Creston. The proposed transaction will benefit each of the parties and the people of the Creston Valley, including all indigenous and non-indigenous residents, yaqan nukiy community members and all school district students.
The total purchase price for the property will be $355,000. The parties expect to conclude the transaction in Fall of 2021, subject to receiving Ministry of Education approval and various other approval.
For more information:
Michael McLellan, Secretary-Treasurer & CFO
About the Board of Education of School District No. 8 (Kootenay Lake):
The Board of Education of School District No. 8 provides educational services to numerous diverse communities in the East & West Kootenays, including Crawford Bay, Creston, Kaslo, Meadow Creek, Nelson, Salmo, Slocan, South Slocan, Winlaw, Wynndel and Yahk. Its dedicated team focuses on providing the best possible educational opportunities for over 5,400 students and their families. Its mission is to focus on excellence for all learners in a nurturing environment.