District land sale entering final phase with proceeds to support facilities projects underway

The District is near completion of a land sale agreement with two numbered companies held by Solterra Acquisitions Corp. (‘Solterra’) for a total of 8.5 acres of municipal-owned land in the Squamish Business Park. The sale is for 50 per cent of the 17-acre ‘Lot 38/39’ at 1221 and1311 Pioneer Way, which the District has actively marketed for sale or lease over the past year. The sale is scheduled to close December 9.

The land sale proceeds total $13.27 million and are required to support the District’s 2025-29 Financial Plan. The proceeds will support various facility upgrades underway including the Public Works facility replacement project anticipated to be complete in summer 2026.

Legislated public notification of the disposition will be posted for two weeks in The Squamish Chief newspaper.

“We are pleased to work with Solterra on this purchase as they have a strong familiarity with Squamish and bring a thoughtful and creative approach to their projects,” says District of Squamish Mayor, Armand Hurford. “Upon completion, this sale will meet our immediate Financial Plan needs and allow us to explore other options for the remaining 8.5 acres to maximize community benefit.”

The property was widely marketed by Colliers International and ReMax Sea to Sky over the past year, and the District connected with numerous interested parties throughout the process. Ultimately, Solterra’s offer was the optimal approach to meet the District’s objectives while enabling continued exploration of other opportunities on the remaining 8.5 acres. The zoning of the land is currently I-11 which accommodates a variety of industrial uses within the Business Park.

“This sale will generate increased employment space resulting in jobs for Squamish residents,” continues Hurford. “We look forward to the future development of these lands complementing the entrepreneurial and innovative businesses that already call the Business Park home.”

Generating revenue from land sales is a key strategy identified in the District’s Real Estate and Facilities Strategy to help fund the replacement of critical end-of-life municipal facilities. To date, the District has constructed two new fire halls and is well underway with the new Public Works facility. Investments in these three essential services facilities total $71.1 million. Various funding sources have been required including reserves, long-term borrowing, and proceeds from land sales.

The next phase of facility replacement planning will see a shift in focus towards recreation-based community amenities, with Council hearing from a newly formed Recreation Centre Task Force at its November 25th meeting to review capital budgets.

Information on the District’s Real Estate and Facilities Master Plan can be viewed at squamish.ca/facilities.

 

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November 19, 2025