Sale of the golf course in progress

A staple of Kelowna’s network of golf courses may soon be gone.

After 32 years, the Kelowna Spring Golf Course may be about to change hands.

A Vancouver developer recently signed a purchase and sale agreement for the property with the intention of eventually turning it into industrial land.

Changing ownership from a golf course to industrial land is possible because the land itself is not protected in the agricultural land reserve.

The future land use designation for the 106.5 acre property is industrial, as outlined in the city’s official community plan.

Commercial estate agent Chad Biafore told Castanet News that a deal is in the works, but indicated that whatever happens the immediate running of the course will not be affected.

“They are going to operate this year for sure,” Biafore said.

“They could work for several years.”

If the purchase materializes, Biafore confirms that the intention of the promoters is to transform it into industrial land.

However, this could take several years.

“Commercial real estate is just as hot as residential,” Biafore added, “and residential remains as hot as it’s ever been.”

Although the course itself is not in the ALR, Kelowna planning manager Ryan Smith says there is plenty of ALR land around it.

He says the buffer zone and setbacks from this land would impact the future industrial development potential of the golf course.

Chad Biafore, Vice President of Land Sales at Colliers International – Kelowna, was the exclusive agent representing the sellers in this transaction.