Another industry closes
The Nanaimo Shipyard has been a fixture on Stewart Avenue for as long as I can remember but seems to have fallen victim to changing times. It is currently in the process of selling off equipment and the owner is apparently negotiating the sale of the desirable property to what is expected to be developers with undisclosed plans for the property.
The Shipyard's immediate neighbour to the south, which used to be the Moby Dick motel has been undergoing a transformation for sometime now with the recent addition of docks on the waterfront. The sign on the property bills the location as The WATERFRONT Suites & Marina. "Nanaimo's Premiere Marina" with a suggested opening date of January 2014.
The closure of the shipyard is just further evidence of the changing face of Nanaimo's waterfront. Whether the city's ten year tax holiday is something encouraging some of this growth is an unknown at the moment.
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