A new hotel and convention centre has been proposed for Vernon's north end.
Four Points by Sheraton, has applied for a development permit at 5400 Anderson Way. The six-story hotel would have 120 rooms and feature a 400-seat convention centre.
Economic Development Manager, Kevin Poole says construction is strong in the city. “Building permits were up 14 per cent in 2016 and we’re seeing that same level of activity in 2017,” said Poole. “In the first quarter of 2017, 87 permits were issued with a total building permit value of $24.3 million. Single family residential construction continues to show solid activity with 42 permits issued with a corresponding building permit value of $15.3 million.” He says there is also a proposed redevelopment of the former Legion site on 31st Avenue in downtown Vernon.
In terms of revenues received from the collection of the Municipal Regional District Tax (MRDT), 2016 was up 12.4 per cent, totalling $693,255.73, which equates to $34.7 million in room revenue. Administration has received MRDT revenue for January 2017, which was also up over January 2016.
Poole also reported that with the adoption of the new Hotel Tax Bylaw, staff expect to submit the three-percent hotel tax application to Destination BC and the Ministry of Finance for approval later this month.