Town Ranch Kelowna in Receivership
Tower Ranch Golf Resort in Kelowna (18 hole golf course). Opened in 2008. It is zoned for 580 residential units overlooking Kelowna. Tower Ranch went into receivership last year. The original list price has been slashed from $21.5 million to $14.5 million. This works out to about $25,000 per door for the existing lots.
Lake Okanagan Realty