A potentially groundbreaking application to subdivide a large Alpine Meadows lot into two separate lots has generated a lot of interest and discussion at the council table.
On Tuesday night an application came from Councillor Nick Davies, who excused himself from the debate while council mulled over his unique proposition.
Davies, and his wife Karen, propose to subdivide their lot in Alpine Meadows into two lots. One would be a market lot and the other would be a market-restricted lot, meaning it would be restricted to Whistler employees but it would not have price restrictions.
The couple plan to live in the restricted home.
"Im trying to establish a precedent for a policy that addresses a different segment of the market," said Davies after the meeting.
" Im trying to establish a policy (for) people in this community like me, local business people, local doctors, local professionals, who have been around for a while and they have equity tied up in their homes that they cant use. This is a way for somebody to pull some equity out of their home."
But council on the whole were lukewarm to the idea of creating a market-restricted home without price constraints.
"I would absolutely not entertain this without full restriction," said Councillor Kristi Wells.
"Thats the key to affordability."
Councillor Ken Melamed had the same sentiment.
"Id like to see it move forward but Im not comfortable with the level of restriction," he said, adding that if there are no price restrictions Whistler hasnt achieved its affordability goals.
Daviess lot is 13,000 square feet and valued at $1.3 million. The size of the lot allows for a 4,600 square foot home on the property.
The current home was built in the early 70s and is now in need of extensive renovations.
Davies said he has three options.
He could build a new home.
"One alternative would be to do a joint venture agreement with a builder and build a 4,600 square foot starter castle and sell it and make a whole bunch of money," he said.
A second option is to sell the lot as it is.
"Now if we simply sell the lot, whoever buys that lot is not going to renovate that house . Its an old house that was built in the very early 70s with typical early 70s construction standards. Its served its useful life. And so whoever buys that property will tear down that house and build a starter castle themselves."
The third option is to do something innovative with the property themselves, and thats the option that has come before council.
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