Cape Breton Park Looks to Expand
A co-operative in Port Hood, Nova Scotia, is going ahead with a second share offering in an effort to raise funds to expand a new high-end recreational vehicle park it has developed.
The Port Hood and District Recreation Commission began looking at developing the park about three years ago, in an effort to boost tourism in the Inverness County community, according to The Cape Breton Post.
The community group was able to raise $465,000 through a community economic development investment fund and construction began last June.
The initial 55 full-service sites, on property adjacent to the Al MacInnis Sports Centre and only a stone’s throw away from Port Hood beach, will open in May, along with a washroom-laundry building. The co-operative wants to attract high-end campers with three-way hookups on large sites. Vacationers would have access to the arena’s fitness center, hospitality room, restaurant and outdoor performance stage.
“We’re aiming at high end, our sites are large and we’re located a 30-second walk to Port Hood beach, which is pretty well known,” spokesperson Joe Morris said. “It’s a great location.”
Under the investment fund, members of the community are able to invest in the project and receive a tax credit for their support. The fund will pay a dividend after three years and people must invest for a minimum of five years.
The second offering of shares closes Feb. 29 and the group has a goal of raising $400,000 with hopes of developing an additional 50 sites at the park.In addition to the additional camping sites, there are also plans for a playground area, convenience store and heated salt water outdoor swimming pool. If the effort is successful, it’s hoped construction could be completed by the fall.