Two properties totalling more than 60 acres on Prince Edward Island’s North Shore, including the controversial development at Point Deroche, now have a new owner.
Well-known Island developer Tim Banks, the CEO of APM Group, had his purchase of the land approved by the provincial cabinet on Dec. 19.
The properties just west of French Village total 64 acres and include the residential complex that’s currently under construction at 251 Kelpie Lane.
Banks said he plans to use the Point Deroche property as his private residence.
A report from the UPEI-based Canadian Centre for Climate Change and Adaptation, released in December, raised concerns about
