May 29. 1988 News 985-2131 Classified 986-6222 Distribution 986-1337 | 84 pages

SE VEN SEVENTEEW- Ss TORE y TO WER

A $27: MILLION dévelopment deal, jincludinig a i7storey

* seniors residential tower and revamped recreational facilities

_ forthe North Shore Winter Club, is going through its’ puces
at ‘North. Vancouver District municipal hall. aa :

"hi North - ‘Shore Winter Club

applicd® to. the district for”

” consideration: ofa change from the.
facility's: current: Gy5, zoning *,
(allowing “commercial. and) enter
tainment_usage) to comprehensive

i. development zoning (a ‘tailor-made ,,

zoning for site-specific needs).
The club came, ‘close to going
nder‘tifter running in the red for.
y ‘carrying a. $3
million debt by: Octaber 1986. The
club, was ‘sold ,40' the, North: Shore
Credit’ Union; ‘November : 1986 for-.
$3.45 ° million, “Plans:‘are ‘in ithe
‘works ‘to resell the club to Bur-

naby- bas ed Cooperators

By MICHAEL BE
Reporter

“About..170 people. attended: and
the inajority seemed to be positive,
There was. some. concern about
-traffie:and’ we.are prepared ‘do
“an in-depth traffic study.”

” So far the proposal has not ‘been
addressed by.council, but has been

_ considered by the district's adviso:

ry design panel. and advis
ning commission.
. sTransfer of the club's ownership

from (the « credit vnion, to CDC iT

hinges. on a> successful’ rezoning |
bids Said Joe Werner, Cooperators/
Development Corporation's dire

of: aquisition 2 and developnient:

is “We have an option on it, We
* would be purchasing ‘the club and

hore Winter: Club
Manager Bernie:
‘this was by: far the best :
plan to consider.”’ ye.

Development Corporation (CDC).
Said club general. manager Ber-'
nie: ‘Asbell:"."We've been. working.
on: a! “restructuring program . over .
‘the past year: ‘and a half. We came’.
up with’ ainumber’ of ‘options. We.
* felt’ this was by far. the best plan to

: consider. We've: been working on. -

othis since ¢ December."

f the
wthe

proposal ‘i

membership meeting at’ the end of

leasing: it pack to the club undera

4 9S-year “lease:...Under’ the | lease:
agreement, we would be: obligaled |

to renovate the club facilities."
tai and the North Shore Cred-"
Union® recently, completed “a
“joint: -venture’.. condominium and
“retail, project -at Whistler.”
| Werner: “It was suggested that, we.

SENIORS HOUSING LIMIT: ED

‘Proponents of the. club plan ay

“the project. will: relegate the club's;

“financial problems: firmly: to th

“ past, and will. also help: case" the *

shoztege of, seniors housing “op
“tions on the North Shore..."

‘The i7-storey tower. would hold
_217 housing. units, including’ one-
bedroom, one-bedroom with den,

two-bedroom, and wo- “bedroom

with den Suites.

Said. ' the . project’ $ “desig
North’. Vancouver architect
. Graham -Crockart “One . Of the

the, field is. that: the elderly: don’t:
ae be stuffed. into. small

dstry insiders

,, the. seniors

EES

ait

piace a7