New industrial park
A new light industrial park is planned for the Iron Mask area in southwest Kamloops.
Comet Industries — which is based in Vancouver and holds property throughout British Columbia — has submitted an application to the city to rezone 190 acres of land between Sugarloaf Road and Bowers Place. A public hearing is expected some time next year.
In addition to rezoning, the company is currently undergoing an environmental investigation of the property, which was previously home to a mine. It is not known at this time what kind of remediation work will be required, but the company said it is committed to fulfilling the recommendations.
Comet Industries president and CEO Mike O’Reilly, who is also a Kamloops city councillor, said work on the project began in 2020, but noted the city has wanted to see the area developed for the last 15 years.He said market conditions and demand pushed it forward.
O’Reilly said there is huge demand for such land for distribution, warehousing and logistics companies, similar to businesses in the Campbell Creek and Mount Paul industrial areas. The city has not seen a new industrial park for 25 years. O’Reilly said the last was the Campbell Creek industrial park, which is located in the east end of the city.
He said it has limited availability and businesses that wish to expand leave city limits and develop in the Mount Paul Industrial Park on Tk’emlups te Secwe̓pemc band land, where they do not pay taxes to the city.
O’Reilly said Kamloops residents pay higher taxes when industrial companies relocate.
“A prime example is Finning and we all know that Finning is leaving the City of Kamloops and moving over to Mount Paul — and those are very costly to all taxpayers in Kamloops,” he said.
Finning is leaving its Valleyview location and crossing the river to build a new facility in the Mount Paul Industrial Park.
“Those are tax dollars that we are bleeding out of the City of Kamloops,” O’Reilly said. “But, obviously, the majority of people that work over there are still using City of Kamloops arenas and pools and beaches and parks and we are stuck footing more of the bill for that.”