“Anywhere during the province, you'll find trailer parks on pretty useful, attractive land,” he said, “Which causes it to be extra economically eye-catching to the developers, because they get absent with a deal value. And we shed all this very low income housing.”
Carpenter claims BC Assessment acknowledged to him that there's a “progress stigma” driving down dwelling rates at Shady Acres. In fact, no person would desire to obtain a house within a doomed park.
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“He are going to be homeless,” Carpenter mentioned. “My issue is that there is 3 other entrepreneurs who will also be handicapped in alternative ways and are not capable of go ahead and take assessed price and buy A different trailer.”
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The park has become largely vacant and partly razed, except four households occupied by longterm and disabled residents that are terrified for the prospect of homelessness.
Sorenson and the other holdouts are preventing “progress stigma,” the concept that household values are suppressed in cell property parks exactly where growth is imminent.
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“Later on, with all of that household there, that’s a great place for many commercial to get in,” claimed Mark Burley, executive director in the Downtown Kelowna Association.
Carpenter suggests most of the recent revenue heritage in Shady Acres ended up landlords “cashing in on their own spot for $40,000 by promoting for the developer,” which in turn, assists suppress the value of households in all the park.
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