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U.s. billionaire lists b.c. island hideaway for sale - China Shock Absorbing Bumpers by vacuumse mse





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U.s. billionaire lists b.c. island hideaway for sale - China Shock Absorbing Bumpers by
Article Posted: 07/21/2013
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U.s. billionaire lists b.c. island hideaway for sale - China Shock Absorbing Bumpers


 
Business,Business News,Business Opportunities
If your dream home includes a championship golf course and aprivate airstrip, then a reclusive billionaire might have whatyou re looking for on James Island near Sidney, B.C. The list price is $78 million. Actually, the property isn t just on James Island, it is JamesIsland. The 342-hectare idyll about three-quarters the size ofVancouver's Stanley park lies off the coast of Vancouver Island,20 kilometres north of Victoria. It is owned by U.S.

cellphone billionaire Craig McCaw, of Seattle. The property features a five-thousand-square-foot mansion, a golfcourse designed by Jack Nicklaus and a mock western ghost town. McCaw does not grant interviews, but Mark Lester, of SothebyInternational Realty and McCaw s Vancouver-based real estateagent, said the island is being sold because the McCaw family nolonger has time to spend there. The McCaws have school-age kids, and I think what they're findingis that they're pulled in a lot of different directions with kidsactivities, Lester told CBC News. I think that they're just not finding that they're able to enjoythe island as much as they'd like.

One-time explosives plant McCaw bought the island in 1994 for $26 million and spent millionsmore making it over. James Island was once known for the manufacture of explosives.Canadian Industries Ltd. operated a plant there that produced morethan 10 per cent of the bombs used by the Commonwealth in World WarOne. But before CIL moved in, a First Nations community was moved out inthe early 1900s. The Tsawout Nation has filed two claims on theisland and tried negotiate settlements with a string of owners overthe years.

We have a village site out there that was never protected. Andall of our fields, we had orchards out there that were neverprotected, said Eric Pelkey, a Tsawout spokesman. Lester said the claims will not affect the sale. This is deeded land and any owner of deeded land has the right tosell that in Canada, he said.

With files from the CBC's Alan Waterman.

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