City purchases land in the Moody Centre neighbourhood near Kyle Centre for future use as park space
The City of Port Moody has purchased 32,710 square feet (0.75 acres or 0.3 hectares) of land – a combined total for four properties located near Kyle Centre (125 Kyle Street) and Kyle Park (2501 St. George Street) – for future use as public park space to serve the Moody Centre neighbourhood and the broader community.
“On behalf of Council, I’m pleased to announce the purchase of this land which helps us meet the City’s goals for parkland established in the Official Community Plan and the Parkland Strategy,” says Mayor Meghan Lahti. “The acquisition of new parkland to address gaps and meet current and future community needs is identified as a high priority in both documents. Moody Centre is noted as having the highest need – with the renewal and expansion of Kyle Park highlighted as a top priority – due to a recognized deficit of parkland and anticipated high demand for park space as the neighbourhood evolves.
“The process to develop both the Official Community Plan and the Parkland Strategy included extensive community engagement, with meaningful and inclusive opportunities to provide input on community values and priorities. Feedback from the public helped to shape these important documents, which reflect a shared vision that guides Council in our decision making. In refining the Parkland Strategy, we also heard valuable input from residents during the Mayor’s Town Hall and Community Dialogue on Park Expansion in Moody Centre, which reinforced the importance of addressing parkland needs in this neighbourhood.
“The purchase of these properties near Kyle Centre was a strategic decision, thoughtfully made, to acquire land adjacent to an existing park in a high-growth area, and near additional properties purchased in recent years for future park space. Land is scarce in Port Moody, which means the City must act, whenever possible, when land becomes available. This helps to ensure we don’t miss out on parkland, especially in areas where the need is greatest. We know the community places a high value on parks and open spaces, which are essential to community well-being, biodiversity, and climate resilience.”
Purchase information
The City purchased the four properties, located at 2505, 2509, 2513, and 2517 St. George Street, for a combined total of $9.95 million with funds from Parks Development Cost Charges (DCCs). DCCs are collected from developers to help finance growth-related infrastructure and improvements. Parks DCCs provide a specific and dedicated source of funding for capital costs associated with providing and improving public parks and green space. This purchase builds on previous acquisitions in the area (126 Kyle Street and 2506 and 2510 St George Street) for the purpose of providing additional park space. For land transactions like these four purchases, negotiations are always confidential and therefore discussed in closed meetings to protect the interests of both the owner and the City as the purchaser. Once negotiations have concluded and the purchase sales agreements (PSAs) have been finalized, the information can be publicly released.
The dates of possession vary for each property, with the prior owners continuing to have use of the land in the short term through a lease agreement. The City uses the services of a property management firm to support the management of City-owned properties while tenants are in place. There is no timeline at present for the change in land use from residential to park space.
Kyle Centre Redevelopment
As the land is adjacent to the existing Kyle Park, future plans will be determined in alignment with the Kyle Centre Redevelopment project. The City is planning for the redevelopment of the Kyle Centre area with a proposed new community centre (a replacement for the existing Kyle Centre), plaza, and expanded Kyle Park. Pending future funding, the project is expected to proceed in four phases: Phase 1 – conceptual design (current phase, which has included two rounds of public engagement), Phase 2 – detailed design, Phase 3 – construction of the community centre and plaza, and Phase 4 – construction of the expanded park. Visit portmoody.ca/kylecentre for more information.
Guiding strategy documents: OCP and Parkland Strategy
The Official Community Plan (OCP) was adopted by Council in April 2026, with public engagement conducted between October 2020 and September 2025. The OCP communicates Port Moody's goals and long-term vision for the future. It guides the City in making decisions about how land is used for housing, transportation, parks, environmental protection, economic development, and more. Visit portmoody.ca/ocp to learn more about the OCP and find out what we heard from the community through multiple phases of engagement opportunities.
The Parkland Strategy was endorsed by Council in June 2025, with public engagement conducted between September 2022 and May 2025. The Strategy provides a long-term framework to guide the planning, acquisition, enhancement, and connectivity of parkland in Port Moody through 2050. Visit portmoody.ca/reports to view the document and find out what we heard from the community.