John Peake Entertainment & Boardwalk District

Located at John Peake Park, the Entertainment district would be a vibrant spot of activity, shopping, restaurants, pubs, coffee shops and live music. Combined with residential above the retail. Encouraging strong economic activity for the businesses and activity for the parks. In concert with this activity centre is a boardwalk along the shoreline, allowing for a new main beach 3 times the size of the current beach, with two water front areas for restaurants and shops. 

Financial Benefits to residents - The project would bring approx. $25M of revenue to residents for sale of City lands and $1.1M tax annuity every year. The total project area would consist of 4 to 6 buildings on the western edge of the park, with 2 buildings water front. Allowing approx. 95,000 sqft of commercial and approx. 400 residential units. With a taxable value of $40,000,000 for commercial and $220,000,000 of residential, allowing $800,000 of residential taxes every year and $300,000 of commercial taxes every year. With a combined total of $1,100,000 of new annual tax revenue for residents. 

Recreation Benefit to residents would be substantial and at no cost to residents. Allowing a new ambiance resort feel with new beaches, boardwalk, shopping and beach front restaurants.