The Regional District of Nanaimo will look for elector approval to spend $1.3 million on purchasing a former school site in. The 3.7 hectare site is at 2350 Alberni Highway, Coombs and is currently owned by the Qualicum School District.
Part of the purchase would require long-term borrowing, which means a referendum will be needed. If it is successful, a use for the site will be determined after public engagement, according to a news release from the regional district.
The property includes the old French Creek Community School building, a gymnasium and a field with a playground.
The Regional District of Nanaimo board of directors approved proceeding to a referendum at its May 27 meeting. Electors will have their say on borrowing $824,000, plus interest, to be repaid in no more than ten years.
The purchase is included in the RDNs 20265-2029 financial plan. If it goes through, it will be funded through $376,000 of Electoral Area ‘F’ community parks and halls reserve funds, $120,000 of community works funds, along with the loan which also includes $20,000 for closing costs to support this purchase.
If approved by the province’s inspector of municipalities, the referendum will happen in the fall of 2025.
