Incorporated in 1988, Silverado Land Corp. was formed when two local business partners purchased an 805 acre parcel of land from Fletcher Challenge Ltd. Outside the boundaries of the City of Courtenay, the land had, for many years, been part of Crown Zellerbach’s tree farm license. With its proximity to the growing City of Courtenay, the development potential of the land was a recognized by Silverado.

Recognizing that golf was becoming much more popular with the mainstream population, after many market studies, it was determined that the best use of the property would be to create a residential golf course community.

Deriving it's name from the previous owner (Crown Zellerbach), coupled with the Island location, the name Crown Isle became official. The development forged ahead and the back nine holes of the championship golf course opened in the summer of 1992, with the front nine opening in the summer of 1993.

The initial phase of residential homesites were also under development. The Spring of 1998 saw the opening of the much anticipated 48,000 sq. ft. Resort Centre and first phase of the Villas at Crown Isle. All the while, development continued on single and multi-family homes, home-sites, Villas, and commercial projects.

Future phases of this 831-acre development include more residential home-sites, village centre, congregate care facility, shopping centre, Villas, Lodge & Spa.