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commercial real estate services local vancouverA proposed adventure park for Revelstoke has officially received the green light from the B.C. government.

The Ministry of Forests, Lands and Natural Resource Operations approved a 30-year adventure tourism/commercial recreation tenure for Illecillewaet Development Limited Partnership (IDLP), the spearhead of the project.
 
The tenure consists of a Licence of Occupation for approximately 257 hectares of Crown land in the Greely Creek area, which will adjoin 64 hectares of the proponent’s private land. 
 
“Outdoor recreation has always been a big part of Revelstoke. The proposed adventure park will add more outstanding outdoor recreation opportunities for residents and visitors in the region, as well as create local jobs,” said Steve Thomson, Minister of Forests, Lands and Natural Resource Operations, in a press release. 
 
The adventure park, which will be nine times the size of Disneyland, will feature a host of summer recreational activities, such as hiking, mountain biking, rock climbing, horseback riding, zip-lining, bungee jumping, treetop adventures, mountain coasters and sky swings. 
 
Planned improvements are also in the works for the Crown land, including an access road, day lodge, helipad, gazebos and portable sanitation units. There’s also plans to eventually add a gondola or chairlift.
 
“This adventure park is another example of rural entrepreneurship that has the ability to create economic sustainability in rural communities,” said Donna Barnett, Minister of State for Rural Economic Development.
 
Numerous studies were conducted to assess the proposed uses of Crown land to ensure the project would protect existing values, such as wildlife habitat, terrain stability and drinking water. Consultations with the public, First Nations and partners/stakeholders were held in compliance with provincial legislation.
 
Construction on the Revelstoke Adventure Park is set to begin this spring with phase one of the park opening in spring 2018. The following three phases will unfold over the next four to five years. Once the project is complete, the park will employ approximately 250 workers.
 
It’s also expected to significantly boost tourism to the region, which will undoubtedly impact Revelstoke’s commercial real estate sector as well.
 
For more information about the proposed adventure park or for insight regarding investment opportunities within Revelstoke, B.C., please contact Marcus & Millichap’s Vancouver office to speak with a commercial real estate advisor.

You can also view our current listings by clicking here, including an exclusive hospitality offering in 
Revelstoke, B.C.
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