Once they’re back from their summer break, Maple Ridge councillors should be able to look at the full report from the Urban Land Institute of B.C. on what it should do for with the three acres the district owns downtown.
The Urban Land Institute has taken on the project and is advising the district on how best to use or sell the land.
That could involve selling just the southern portion of the property at 227th Street and Selkirk Avenue, said Mayor Ernie Daykin.
That way, development of that portion could see an increase value for the northern part.
Or, the district could decide to sell the whole package or lease out a portion.
The ULI should give council the written version in the fall.
“I’m really looking forward to it,” Daykin said Thursday.
The property is the first project for a technical assistance panel prepared by the Urban Land Institute, in which the land-use experts and planners will share their knowledge and recommendations.
The eventual use of the area will be some type of residential and commercial use, although Daykin said the buildings likely won’t be concrete high-rise because the market’s not yet ready for that.