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EDITORIAL: Finalized deal a positive sign for Colwood, West Shore

City of Colwood can springboard from completion of Onni deal

Last weekB次元官网网址檚 news that the Onni Group had finalized its purchase of the former Capital City Centre property was good news for a municipality decried by some of its residents as B次元官网网址渢he land of big holes.B次元官网网址

As indicated in our in last FridayB次元官网网址檚 Gazette, Colwood is indeed open for business and home to a number of interesting and encouraging developments, both commercial and residential.

We look forward to hearing the details about the future of the Colwood Corners project, which has sat vacant for some months after original developer League Assets filed for bankruptcy protection.

WeB次元官网网址檝e always insisted that a municipality cannot be blamed for a bad economy that sends overextended developers into financial ruin. Jurisdictions such as Colwood do their best to encourage well-planned developments and do as much due diligence on proponents as is possible without scaring them off.

So when a situation brought on by recessionary times rights itself, as the Capital City Centre project appears to have done, we canB次元官网网址檛 help but applaud all those involved for sticking with it, having patience with the process and seeing things through.

In ColwoodB次元官网网址檚 case, much work still remains to be done by the planning department before Onni moves its crews onto the site and begins creating its vision for the property. But without a doubt, the fact the development is even at that stage again is a sign the West ShoreB次元官网网址檚 economy is in a good place.

From ColwoodB次元官网网址檚 perspective, a little friendly competition with the City of Langford can never be a bad thing.

The latter municipality continues to grow apace, both residentially  and commercially. But having its next-door neighbour enjoy some development kudos can only be good for the whole West Shore.





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