The City of New Westminster has purchased three properties in the Lower Twelfth Street area. The City took possession of the properties on Tuesday, September 15. 

 

The property addresses are: 

Available land in New Westminster is limited. As the community grows, the City expects there will be greater demand for new services and facilities in all areas of New West, and this land purchase allows the City to be flexible in responding to future needs. 

 

The City is determining how the land could be used in the future, and there is currently no timeline for developing the properties. Existing uses on the land will continue. 

 

Decisions about the future of these properties will be based on community needs and City priorities, including but not limited to:

The three pieces of land were purchased for a total of $28.5 million. Funds for the purchase came from the City’s reserves, or savings, and will be repaid to the reserves over the next 10 years.

 

The City will share updates as more information becomes available. Residents and business operators are encouraged to sign up for the weekly Citypage email newsletter to stay informed.