New investment to downtown Kamloops

By Doug Collins
September 28, 2017 - 7:56am Updated: September 28, 2017 - 8:42am

KAMLOOPS — A new office complex is expected to be built soon in downtown Kamloops. In a news release this morning, the Kamloops Central Business Improvement Association says there are big changes coming to the 500 block of Victoria Street.

KPMG, which has had offices in Kamloops for years, will be making a move down the road from their current building at 206 Seymour Street.  

KCBIA spokesman Mike O'Reilly says the decision by KPMG to re-invest in the downtown solidifies the strength of the downtown core as the financial hub for Kamloops.

He says the National Hospitality Group has significant changes planned for the 500 block of Victoria Street, including renovations to accommodate KPMG and plans for a new office building. Further details are expected in the next few weeks.

National Hospitality Group owns a number of properties in the downtown core, including a building at 4th and Victoria, the Thompson Hotel and Conference Centre, Hotel 540 and a small shopping area on Hillside Drive. The company has spent one million dollars upgrading the Thompson Hotel, and eight million into major upgrades at Hotel 540. The latest proposal is part of the company's long-term plan for the downtown.

NHG had originally proposed an Arts Complex for the site, but that was turned down by Council. 


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