Posted in coal hill, Kensington Coastal Pointe, Kensington Island Properties aka KIP Costanza, 34083 Yukon Inc., The Union Bay Community, UBID, UBRA Union Bay Residents' Association, Union Bay Estates, Union Bay Resorts

Union Bay – A community of easy marks ripe for a developer to screw

I was a supporter of Kensington Island Properties in 2006, and have to admit that I feel pretty stupid for believing a couple of real whoppers by this developer. So was the developer dumb too or was it all bullshit?

How could I possibly believe a developer could build condos and waterfront homes on the coal hill when KIP called the development Kensington Coastal Pointe? I never gave it a second thought – that’s pretty dumb.

Another doozy is believing the developer claiming it would pay the costs to raise the dam increasing the size of Langley Lake. We don’t even own the land around Langley Lake. Again, ignorance is bliss.

By the summer of 2006, I started asking questions when the Union Bay Residents Assoc. turned out to be a PR group and mouthpiece for KIP. People need to start asking questions instead of blindly believing what they hear.

Check out the Q & A below from 2005. Coal hills will be 80% park. Going to raise the dam 3.2 metres. I know I’m not the only one who was ignorant since no one else questioned these wild claims by KIP at the time. How many are still ignorant?

The third was being so stupid as to believe CAO of the Regional District, Bob Long, who stood before the community on 2 evenings in March 2006 when landowners were able to speak to the development. Bob Long assured landowners that Langley Lake would not even be considered as the water source for KIP – wasn’t even on the table. And yet…

This developer has successfully sucked in the landowners with promises that never become reality and has managed to get the UBID board to bring in the Fire Hall land into the Oct. 12, 2017 Water Agreement so he could reduce the amount of land and then have the board tout the great agreement and how much money the land was worth! KIP promised $17.4 million and UBID negotiated 6.2 acres when 8 were promised in writing and transfer of land immediately.

The board didn’t even negotiate an interest free loan like the expired 2011 WIA. What about their petition where landowners clearly don’t want to pay for the water treatment plant if there is an alternative – developer or other option – become service area of the CVRD and save millions?

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