The full cost of a restructured intersection to calm traffic at Cadboro Bay Road and Bowker Avenue will be paid for by Victoria’s Abstract Developments, which is building the mixed-use Bowker Collection nearby.
Road improvements call for a pedestrian island, a pedestrian-activated flashing light at the existing crosswalk and building a bulge in the curb on the east side of Cadboro Bay Road to slow traffic, a municipal staff member said.
Bike lanes and inset street parking are also being added, Abstract said.
When the company won rezoning approval for its four-storey, 43-unit project with commercial space, it committed $100,000 toward intersection upgrades.
A revised price tag for that work increased the cost and Abstract announced Tuesday it would set aside $180,000, plus $36,000 for contingencies.
The cost for the development, not including land or amenity contributions such as intersection improvements, is $40 million, said a company official. A 50-seat restaurant will be opened on the ground floor of the new building.
Intersection work is expected to be finished in conjunction with the completion of the development in early-to-mid 2020.
