Ran into a guy last summer (2015) saying that a local builder was hired to put some trails in. They have been pushing the summer hiking the last couple years and have been putting on events throughout the summer - I've done some riding up there before the hiking started and there is definitely some good terrain for a park.
The two owners, silver star and BW, are family and have had a rift so not surprising to see more direct competition with each other.
Will be a good addition to the area as they have more rock at their disposal than Silver Star does- pretty equidistant for locals to choose between BW or Silverstar. When I lived in Kelowna Silver star was only another 10 minutes or so drive from my place.