Park Place Seniors Living was offered $4.64 million for the Hovey Road property, but says it’s worth $7.2 million
Owners of a property being expropriated by the District of Central Saanich are planning legal action to fight for what they consider more fair compensation.
Local governments can expropriate property for any purpose related to exercising their “powers, duties and functions,” the province says.But Park Place Seniors Living, which purchased the 0.9-hectare lot at the corner of Hovey Road and Wallace Drive in 2006 with the intention of developing a long-term care facility, has had the property assessed at $7.2 million, said Lina Saba, director of communications for the company.
The company rejected two offers by the district to purchase the two lots and a third offer to purchase the single lot now being expropriated. The district has said expropriation was a last resort. The district intends to move municipal operations from its property at 1903 Mount Newton Cross Rd. in Saanichton to the Hovey Road site.
A new building will be accessible, customer-service oriented, energy-efficient and up to seismic standards, the district said. Recreation facilities could also be included.
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