News

Chemainus quay and marina developers leave $12,000 in unpaid municipal taxes

North Cowichan taxpayers could eat $12,000 in municipal taxes owed by the defunct Chemainus quay and marina project, the mayor says.

"They're basically non-existent now, and they owed some municipal tax on their operations in the provincial water lease," Jon Lefebure said.

"They owe the municipality about $12,000. The motion from council was to pass it to a collection agency."

The Chemainus Quay and Marina Complex Ltd. went bust several years ago, leaving five Second World War barges foundering in Chemainus Harbor. Four have since sunk.

Lefebure said the final barge was still afloat as of Sunday afternoon.

Those barges were originally brought in by the quay developers to be used as a project breakwater.

The project ground to a halt in 2009 because of lack of money. In July of that year, investors launched a lawsuit against Shire Real Estate International, the private investment company engaged to raise money for the project.

Legal documents filed at the time showed the bankrupt Shire owed $7.3 million to a nearly 300 unsecured creditors in connection with the quay.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

Community Events, August 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Aug 27 edition online now. Browse the archives.