Ma­jor re­sort in works

De­vel­oper Tim Banks says work will be­gin in the fall in Tracadie Har­bour

The Guardian (Charlottetown) - - FRONT PAGE - BY DAVE STE­WART dave.ste­wart@the­guardian.pe.ca Twit­ter.com/DveSte­wart

Con­struc­tion on a $30-mil­lion, 62-acre re­sort will be­gin this fall in Tracadie Har­bour.

De­vel­oper Tim Banks sub­di­vided 58 lots back in 1996, 41 of which will be de­vel­oped now.

The project will also see about 20 frac­tional ho­tel units con­structed. A frac­tional ho­tel unit is a clus­ter of small build­ings, some of them with three units, oth­ers with two.

“They’re sold like a con­do­minium,’’ Banks said. “The owner then re­serves out when they want to stay there dur­ing the sea­son and the other part of the sea­son our cor­po­ra­tion will be man­ag­ing the prop­erty will rent them and of­fer them up as ho­tel units.’’

The project, which got put on the back­burner back in ’96, got off the ground after Banks was in­spired by Cabot Cliffs in Cape Bre­ton.

“They’ve de­vel­oped a sim­i­lar kind of project so we scaled back on the num­ber of lots that we’re go­ing to do.’’

And, being sen­si­tive to the Is­land’s coastal en­vi­ron­ment is fore­most on his mind.

“We have a very re­stric­tive covenant on what we’re try­ing to do. We’re try­ing to cre­ate a very ver­nac­u­lar type of project that will re­spect the dune for­ma­tion, (as well as) land­scap­ing and shore­line that’s in the im­me­di­ate area,’’ he said. “So, we’ve pulled back a lot of the lots form ac­tu­ally being right out to the water to back fur­ther into the development.’’

Banks be­lieves they’ll have one of the more unique prop­er­ties when all is said and done – it’s sur­rounded by the Na­tional Park. Clients can do their own cook­ing and then head out to do some kayak­ing, cy­cling, golf­ing or deep sea fishing.

And, the com­mu­nity is on board with the plans.

“We got quite a bit of sup­port from the com­mu­nity coun­cil. They wrote a letter of sup­port even be­fore I got my per­mit ap­proved.’’

In fact, he ex­pects the re­sort to be­come part of the com­mu­nity.

“It will lend it­self to­ward part­ner­ing with the lo­cal com­mu­nity very much like (chef) Michael Smith has done in Bay For­tune, in terms of mak­ing sure that all peo­ple who come to the site will know who the fish­er­men are in the neigh­bour­hood, who the farm­ers are . . . ev­ery­thing will be around that.’’

SUB­MIT­TED PHOTO

This is a ren­der­ing of what part of the new $30-mil­lion re­sort will look like in Tracadie Har­bour when it’s fin­ished. De­vel­oper Tim Banks says work will be­gin this fall.

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