Banks Crescent hearing set
Colin Dacre - Jan 12 - Biz Releases

Image: Lark Group
A render of the proposed 415-unit seniors housing development on Banks Crescent in Summerland.

The District of Summerland has confirmed a formal public hearing date for the deeply controversial Bank Crescent seniors development.

The hearing will take place Feb. 5 from 1:30-4:30 p.m. and 6:30-9:30 p.m. at the Arena Banquet Room in Summerland.

Mayor Peter Waterman says everyone that wants a chance to speak will be able to. Should the hearing run out of time, it will be adjourned to a later date.

The Lark Group is proposing to build a 415-unit seniors living complex consisting of 256 market housing, 107 independent living and 52 memory care units.

It would add about 1,000 people to the community and generate $429,000 in annual net income for the municipality, the equivalent of a 5.7 per cent property tax increase.

Opponents of the $94M project — and there are many — are concerned about the sheer size of the development and its impact on the nearby fish hatchery’s water source.

More than 2,200 residents have signed a petition against the plan.

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