The province has bought an almost half-acre lot on Harriet Road for $7.5 million for an eventual transit exchange in the Uptown-Douglas area.It was purchased Jan. 31 as part of a land assembly to support future transportation needs in the region, the Transportation Ministry said.
“As with any real estate transaction, the negotiated purchase price represented fair market value at the time of purchase,” a Ministry of Transportation and Infrastructure official said in a statement. Plans for the area are in the early stages, he said. The Uptown exchange is one of nine local transit exchanges planned for B.C. Transit.
Uptown shopping centre is one of 130 sites in B.C. that were designated as transit-oriented development areas by the Ministry of Housing in December, as part of the province’s efforts to boost home construction to ease a shortage of affordable homes.