Economic arm of Agassiz-area First Nation finalizes purchase of marina in Harrison Hot Springs
HARRISON HOT SPRINGS — Sqéwqel Development Corporation (SqDC), the economic arm of the Sq’éwqel (Seabird Island) First Nation near Agassiz, has finalized the purchase of the Harrison Hot Springs Marina at 102 Rockwell Drive.
According to a statement from the corporation, the acquisition signifies an important step in its ongoing efforts to facilitate economic growth and create opportunities for the Seabird Island community. The corporation believes the Harrison Hot Springs Marina is a valued location for residents and visitors alike and is synonymous with scenic surroundings and recreational opportunities. By buying the marina, the development corporation strives to enhance marina operations while maintaining the area’s natural environment and cultural importance.
“Our acquisition of the Harrison Hot Springs Marina highlights our commitment to community-focused growth. The Seabird Island Band exists to promote a healthier, self-sufficient, self-governing, unified and educated community. As the development corporation, our goal is to continue to find opportunities to support this mandate,” said Nigel Selvadurai, CEO of Sqéwqel Development Corporation. “We look forward to working with Seabird Island Chief & Council, Seabird Island Band Office, the community of Seabird Island and local stakeholders to keep the marina a vital community resource and develop plans that align with shared goals.”
Financial details surrounding the acquisition were not released by the corporation, but the price is believed to be $5.2 million, according to a real estate posting about the property from RE/MAX Nyda Realty in Agassiz. The marina features 225 slips, a 4.3-hectare offshore lease, and a 1.87-acre deeded C4 (service commercial) property. A listing from RE/MAX Nyda Realty said the marina offered potential income ranging from $850,000 to over $1 million per year.
