Mr. Ilkay us giving up too easily.
Why not work with the seven properties as they are: log them, leaving selected trees; extract gravel to cover costs; build a small golf course maybe, and a mountain biking trail; heated swimming pools and a string of very large houses to take in “temporary boarders” if actual lodges are forbidden.
A surfing school maybe, with wet suit and windsurfer rentals. Why give up so easily? He could bus tourists in by hordes, with free transit from downtown Victoria and Saanich.