Quadra Cedar Hill Community Association received word this morning from Wesbild, the owners of University Heights Shopping Centre, that “Regrettably, Wesbild has made the decision to “pause” this $230-million renewal project”. They go on to say, “Since our last group “zoom” discussion on August 18th, and subsequent presentation to Council on August 24th receiving First Reading (and, thank you to those who shared input with Council leading up to this milestone), our team at Wesbild has been working hard to resolve some outstanding critical issues with our existing tenant – Home Depot. (The decision) to “pause” this $230-million renewal project (was made) due to an impasse regarding requests for expansion and other financial concessions. We certainly did not come to this decision lightly, and it was important to us that you hear the news from us, directly.”
Wesbild offered “sincere gratitude to each of your organizations (and to you as individuals) for all the time, effort, thoughtful commentary and support over the last three years of planning, and community engagement (and) is doing all it can to address Home Depot’s requests and is hoping a final round of discussions can resolve the outstanding issues”. They will be keeping QCHCA and the other CAs informed “if things shift on this front”.
They conclude by saying, “We do not take for granted that the people of Saanich (our neighbours, our site visitors, local housing and transportation advocates, etc.) have been generous with their time and input in helping to shape this proposal. It is our earnest hope that this significant project can ultimately continue.”