There may not be much money left to be made in the Terrace Lumber yards from lumber, but in the future there may be a lot of money changing hands in that very location.
Chances Gaming entertainment, hot off the success of the Prince Rupert centre is making plans to move into the Terrace marketplace.
The Prince George based owners of the Prince Rupert Gaming Centre have come to an agreement with the Terrace Lumber company to purchase 20 acres of the former sawmill site with an option for the remaining 53 acres.
The plan for the original 20 acres would include a hotel, convention centre and entertainment complex to service the Terrace/Kitimat area, much like the Rupert operation provides those services locally.
WestCoast president Craig Briere who steered the Rupert operation through its approval and construction phase is the person laying the groundwork for the Terrace operation.
No time frame for the project has been announced yet. But should it be approved and constructed in a timely fashion it will be interesting to see what impact it may have on the Rupert operation which at the moment finds a fair amount of traffic arriving from out of town to sample the entertainment and hospitality options offered by Chances in Prince Rupert.
The details on the Chances bid in Terrace was posted to the Northern View website today as well as to the CFTK TV website .
Chances owners strike a deal to purchase Terrace Lumber Company land The Northern View
February 27, 2008
The owners of the new casino in Prince Rupert say they've struck a deal with the Terrace Lumber Company to buy 20 acres of its former sawmill site. And they say they have an option to purchase the remaining 53 acres that are up for sale.
WestCoast Hospitality Inc. says it wants to build a hotel, convention centre and entertainment complex on the 20 acres.
It says additional lands would be used for small retail, restaurants, box stores and residences.
In addition to the just-opened Chances casino in Prince Rupert, WestCoast Hospitality owns the Coast Hotel in Prince Rupert and it has a majority interest in the Treasure Cove Hotel in Prince George.
"Terrace has a tremendously bright future and with the developments in Prince Rupert (container port), Kitimat (Alcan) and mining to the north, Terrace is perfectly situated to continue to be the service centre of northwestern B.C.," says WestCoast president Craig Briere.
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Deal Reached for TLC Lands
Wed, 2008-02-27 10:42.
Wed, 2008-02-27 10:42.
CFTK TV News
Local News
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Some big plans for the former Terrace Lumber Company mill site. TLC has come to an agreement with WestCoast Hospitality, the owners of the Coast Prince Rupert Hotel and majority shareholder of Chances Prince Rupert and the Treasure Cove Hotel in Prince George.
WestCoast has agreed to purchase 20 acres of land from TLC, where it would develop a hotel, convention centre and entertainment complex.
WestCoast has agreed to purchase 20 acres of land from TLC, where it would develop a hotel, convention centre and entertainment complex.
WestCoast also has an option on the remaining 53 acres owned by TLC, which would be used for small retail, restaurants, box stores as well as residential development.
WestCoast President and CEO Craig Briere says the site present a great opportunity for a full comprehensive development. He adds Terrace has a tremendously bright future, and with developments such as the Container Port in Prince Rupert, Alcan in Kitimat and mining to the north, it's perfectly situated to continue to be the region's service centre.
John Crawford
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