NATURE

Sea, land, river

For earlier materials see Table of Contents

New Subdivision	Edward Street
	Street exists only on ‘paper’

Complex transactions including ‘closing’ part of a street that does not exist as yet

And selling parts of if to developer

While this is a great boost to Rupert ‘self confidence’ and a plus for Rupert’s future prospects

Still land from City at minimal price

New Subdivision

This image from the city zoning map --- here Edward street is shown parallel to Alfred street

I have enclosed the sub-division in red square

The proponent, named as in accompanying documentation is PG developer.

I am told they bought the vacant lots ‘on the local market’

Presumably they will make the Edward Street into a cul-de-sac

(see below image for portions of street the city will sell them

	Right of way of Edward st to be sold to developer
	I have placed pink bars in the 2 portions of ‘Edward street’ to be sold to developer --- there is some humour here as these paper streets have to be officially removed from provincial & city plans and thus be ‘officially’ closed off to make a ‘cul de sac’

Here is the questionable part

The area with pink bar is unsurveyed land which will presumably have 20+ twenty-five foot wide lots or about 10 building lots (the blue bar is same length as pink bar)—total asking price for this block of 53T sq feet is 49,752$ or about <5T$ per 50x100 foot building lot

Cheap land – but alternatively ‘useless’ at present

The lower 2 images are in Feb 12 information package

Along with city planners rationale for sale etc

Notice of intent to sell will be in Friday’s paper

Created by LG on Feb 15, 2007

Last updated on Friday, February 16, 2007

NATURE

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For earlier materials see Table of Contents

Edward Street