Rail Trail talks moving to third party stage

Municipalities apply to use the Canadian Transportation Agency discontinuance process, extending today's deadline

A group of four Okanagan municipalities and two regional districts have decided to move forward with the potential  acquisition of the old CN Rail Line between Kelowna and Coldstream using the Canadian Transportation Agency (CTA) discontinuance process.

The move extends the timeline that the group has to negotiate with CN Rail and came just before a 30 day window to negotiate with CN passed on Monday.

“Significant progress has been made in negotiations over the past several months, however there are still a few outstanding issues,” said Doug Gilchrist, divisional director for community planning and real estate for the City of Kelowna who has led the negotiations on behalf of Kelowna, Lake Country, Coldstream and Vernon, as well as the regional districts of Central Okanagan and North Okanagan.

“We have applied to the CTA for a non-binding net salvage value determination to assist in informing the agreements and to extend our negotiation timeline,” he said.

Under a non-binding net salvage value  the CTA will determine a market value estimate of the corridor (land and assets) to assist parties in the negotiation. Under this process, the NSV determination is not binding on the purchaser but it would be on CN. Once the determination is made, the process can take several months to complete, said Gilchrist.

“This is a once-in-a-lifetime opportunity to preserve a continuous, regionally-significant corridor with the potential to provide long-term public benefits for the enhancement of the social, environmental and economic benefit of our residents,” he added.

According to the city, funding options are still being explored, including partnerships, grants, municipal reserves or borrowing. Local governments are making every effort to minimize the current tax impact in the interest of securing a land asset that would be valued for generations.

Earlier this week, Kelowna Mayor Walter Gray said the province has given the  municipalities “strong verbal commitment” that it will fund one-third of the purchase price based on the amount the local governments say the rail corridor is worth.

The Inter-jurisdictional team is acting as a common voice for local governments to work collaboratively in achieving common goals for the mutual benefit of the valley’s residents.

The parties are hoping to purchase the rail line and turn it into a trail that links Kelowna, Lake Country, Coldstream and Vernon.

Just Posted

Record cherry crop anticipated

BC Tree Fruit growers expecting crop of 12 million pounds due to ideal conditions

Declining mule deer tracked in new study

Wildlife research collaborators join forces on research initiative

B.C. Interior flood risk diminishing

Snowmelt receding but rainfall impact remains a concern

Plea to help find missing dog in Kelowna

Willow has been missing since Sunday near Dee Lake Resort

Driver flees scene after colliding with pedestrian

Kelowna RCMP continue their investigation after a driver allegedly failed to remain at the scene

Black Press Media to launch Pipeline Full of Controversy series

Series covers Trans Mountain’s history, science, Indigenous reaction, politics and economics

Referendum in Ireland would repeal strict ban on abortion

Voters throughout Ireland have begun casting votes in a referendum that may lead to a loosening of the country’s strict ban on most abortions.

Lava from Hawaii volcano enters ocean from 3 flows

The Kilauea volcano has been gushing lava on the big island of Hawaii for the past three weeks.

Summit talk turns warmer; Trump says ‘talking to them now’

North Korea issued a statement saying it was still “willing to give the U.S. time and opportunities” to reconsider talks

Harvey Weinstein turns himself in, arraigned on rape, criminal charges

Harvey Weinstein arraigned on rape, criminal sex act charges following allegations of sexual misconduct

Explosion at Mississauga restaurant sends 15 to hospital

Hunt underway for two suspects connected to Mississauga, Ont., blast

Crews fight small wildfire between Malakwa and Revelstoke

The blaze is classed as active and is estimated at 4 hectares in size

B.C. pipeline goes ahead despite scrapped Pacific Northwest LNG

NEB approves amendment for $1.4-billion natural gas North Montney Mainline Project

Update: Wildfire northwest of Kamloops jumps from 60 to 800 hectares

Ground crews and aircraft are responding to an estimated 50 hectare wildfire approximately 55 kilometers northwest of Kamloops, near the Deadman Vidette Road.

Most Read