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May 17, 2008

ADAMS RIVER: homes can be built despite rezoning denial

Developer Mike Rink dismissed speculation Friday he is stuck with about $20 million worth of Shuswap Lake housing he cannot sell.

"We started out intending to develop under the zoning we have," Rink said about the construction of 19 houses reportedly marketed at $1 million each.

"After we started construction the regional district approached us and asked us to rezone."

(prepared by Cam Fortems/Kamloops Daily News)


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