Kamloops, BC – Kamloops City Council has taken a bold step by making a historic investment with the purchase of a key property on Tranquille Road. This initiative will create much needed new affordable and market rental housing in Kamloops, while also supporting the strategic vision for the Tranquille Market Corridor that is emerging through the North Shore Neighbourhood Plan process.
The City has purchased 377 Tranquille Road, the site of a former nightclub and hotel, and 346 Campbell Avenue, a vacant lot that previously contained a liquor store. The City is working with BC Housing to determine a future development partnership for the 346 Campbell Avenue site, and will offer the former hotel site fronting on Tranquille Road as a market redevelopment opportunity at a future date.
Tenants currently living in the former hotel will be able to stay in their homes as planning for redevelopment continues. Current tenants will receive extensive notice prior to redevelopment and will also be supported in relocating to other affordable housing options that meet their needs.
“This is an exciting day for the City as we are investing in this corridor for the purpose of redevelopment and strategic growth. The transformation of this site is for the purpose of revitalization.” said Mayor Ken Christian. “This is a key step in implementing the vision that is emerging in the North Shore planning process and at the same time working towards our goal of increasing affordable housing supply on the back lot portion of this property.”
“This project signals a shift toward an optimistic and positive future in this area of Tranquille Road.” noted North Shore Business Improvement Area President, Bryce Herman. “This site, having experienced so many social challenges in the past decades, will be the germination point of a project that brings hope and optimism to the corridor. We are thankful to the City for investing in our realization of the future of the North Shore.”
More information about the redevelopment of these sites will be shared with the public once plans are in place.