‘A vision got created in 1998’; Final Lorne Street lot set for development

KAMLOOPS — The final piece of Lorne Street, west of the former Red Bridge site, is now set for development, after council passed a housing agreement tax exemption on Tuesday (Sept. 1).

The purpose-built rental building will include 98 units, ranging from studio to two-bedrooms, with commercial space on the ground floor. The property will receive a 100 per cent tax exemption for increased assessed value for the next ten years under council’s Rental Revitalization Tax Exemption area.

“This is the last building in that area (of) Lorne Street. A vision got created in 1998, which is when the first building opened there after Sandman Centre opened,” said Councillor Mike O’Reilly. “I think when we sit in the chair here today and talk of planning and the vision of what Kamloops is going to be, council back in the… early ’90s came up with the vision of what that could be and now it’s finally coming to completion nearly 30 years later.”