Former N.S. base land worth $3.1M: report
Shannon Park closed in 2004
Last Updated: Tuesday, November 2, 2010 | 7:13 AM AT Comments26Recommend12CBC News
The lands of Shannon Park in Dartmouth, N.S., are worth a maximum of $3.1 million, according to a report commissioned by the Department of National Defence and obtained by CBC News.
But there's no word when development could begin on the former military base that's been sitting derelict since 2004.
The report identifies open spaces, proximity to major roads and beautiful harbour views as the main selling points.
"Housing, employment, commercial opportunities," Dartmouth Coun. Jim Smith said. "It would be a great catalyst to changing the whole district, especially in that area."
But the Defence Department must first sell Shannon Park to the Canada Lands Company Ltd., which sells strategic federal properties across the country.
The department hired the real estate firm Altus Group of Halifax to estimate a fair sale price. It found that if a four-hectare parcel of land that hugs the harbour shoreline is developed, it would be worth $600,000.
But the same parcel would be worth only $10,000 if kept as a public park.
No sale in works
The larger 33-hectare upland lot, which includes the former site of military barracks, is worth $2.5 million, the consultant estimated.
The report was completed in February for the Defence Department and obtained by CBC News under the Access to Information Act.
Neither Canada Lands nor the Defence Department could say when a sale will take place.
Smith said the community is tired of waiting for something to happen after six years.
"I'm excited about the future, but I'm disappointed in the past. It wasn't long ago DND was going to divest themselves of this property, and it's been a number of years now, but nothing's happened," he said.
"I just hope that it moves on as fast as it can. We'd like to see DND make a move on this sooner than later, so we can start planning."
The consultants also identified potential drawbacks to development, including traffic noise from the nearby A. Murray MacKay Bridge, high-voltage power lines, and a possible stigma attached to its former use as a military base.
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