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www.comoxvalleyecho.com Friday July 4, 2014
Price: 57 cents plus GST
Volume 20, No. 53
Oyster raft rezoning supported despite residents’ objections By Philip Round Echo Staff
CANADIAN PRIDE STARTS YOUNG: Canada may be 147 years old and little Jack Douglas Buchanan has only had one birthday of his own so far - but he was captivated by the celebratory events in Courtenay on Tuesday and displayed his Canadian pride on his forehead with a bit of help from his mom Laura and grandma Jackie. Canada Day story page A7; photo gallery of parade www.comoxvalleyecho.com
Proposals for more surface oyster rafts in Baynes Sound are on the cusp of being approved despite written objections submitted by more than 50 residents of the area. Third reading of a rezoning bylaw that would allow 30 additional rafts in a new area of the Sound has now been passed by the Comox Valley Regional District board, following a public hearing at which both opponents and supporters were heard. The applicant, Shao Ping Kang, is seeking approval to change the ‘aquaculture 1’ zoning of a 2.01 hectare Crown land licensed tenure in area of water between Union Bay and Buckley Bay. If final approval is given to rezone it to ‘aquaculture 2,’ visible rafts in the area will be allowed as long as no structure is higher than 1 metre (just over 3 feet). The applicant told the public hearing he had been an oyster farmer in the area for nine years, and outlined his intention to benefit the local economy, mitigate negative impacts on marine life and habitat, and continue to be a good neighbour to surrounding residents. His application was supported by Roberta Stevenson on behalf of the BC Shellfish Growers’ Association. She said aquaculture was a good means of employment and a great opportunity for immigrants, adding it was consistent with the official community plan, and was regarded worldwide as a green, sustainable industry. Stevenson also expressed confidence that the applicant intended to address any concerns over plastic debris, while acknowledging all industries had a “footprint.” But the Herring Industry Advisory Board joined those opposing the plan. At the CVRD board meeting, rural Area A director Bruce Jolliffe said coming to a decision on the application had proved challenging for him. Real concerns had been expressed by residents looking out over Baynes Sound as the rezoning would extend the most northerly end of the existing ‘aquaculture 2’ area, introducing rafts in to a new area of water. (Continued on page 2)
All systems go to start building two new hospitals Climate-themed debt issued for North Island hospitals sets capital market milestone By Drew A. Penner Echo Staff Cranes, fences, portables and excavators are about to appear at building sites in the Comox Valley and Campbell River now that the numbers behind the $606.2 million dual hospitals set to go up in the communities have been hammered out. With the release of artist renderings, a clearer picture of the future of health care on the North Island has begun to emerge, although in an interview with the Echo, Finance Minister Mike de Jong said it’s what will go on inside the facilities that really counts. “We’re a growing population. We need to ensure that those health
Artist’s rendition of what the new Comox Valley Hospital will look like care facilities are there,” he said, referring to the complex financial arrangement put in place to bring the dreams behind the North Island Hospitals Project into reality. “As
impressive a transaction as this is and as impressive as these buildings are going to be as structures, the real soul of these facilities is going to be the people that work
within.” Already private finance firms Balfour Beatty and Gracorp Capital, under the overall Tandem Health Partners banner, secured $231.5
million by issuing “green” bonds with a 32.3-year maturity date. The Private Public Partnership (P3) construction of a 153-bed Comox Valley hospital and a 95-bed Campbell River hospital will rely primarily this debt, brought in through an oversubscribed sale on the emerging climate-themed bond market, with the more volatile equity component representing a smaller yet significant portion - in the $30-40 million range (with Gracorp and Balfour Beatty splitting the equity responsibility 50/50). Overall about sixty per cent of the project funds will come from money borrowed by British Columbia. The province knows it needs to modernize its health care offerings, yet is acutely aware in order to pay for these facilities it will be crucial to make sure the provincial tax revenues keep rolling in by developing industries like the oil and gas sector. (Continued on page 2)
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