Strategic Initiatives Fund: District of Port Edward

ECONOMIC DEVELOPMENT PINE BEETLE RECOVERY

BROWNFIELD REVITALIZATION PRIMED FOR HOUSING SUBDIVISION

Photo: Northern Development

The District of Port Edward was approved for $240,000 Strategic Initiatives Fund grant to assist in the remediation of a 7.5-acre brownfield site on Alder Avenue.

The District purchased the site in 2020 with the goal of facilitating residential development. The hog-fuel commonly used in this area is present on site and is a contaminated substance that will need to be remediated before subdivision and residential development can proceed.

Remediation of the brownfield will facilitate the sale of the site to a developer for a subdivision of 11 lots for single family homes with rental suites.

“The funds received from Northern Development Initiative Trust’s Strategic Initiative Fund are critical to supporting housing development in our community,” said District of Port Edward Mayor Knut Bjorndal. “With this significant grant, we are able to prepare a first phase subdivision for new family homes and incentivize partnership with a developer. North Coast communities are working hard to keep pace with the growth in our area and we appreciate the support and partnership of NDIT.”

This project has transferable benefits that will mitigate the impacts of mountain pine beetle by supporting the diversity of industries that can provide revenues to all levels of governments for generations to come. It will function as a development incentive for both developers and buyers, bringing revenues back to the community that can be reinvested in other development projects, thus continuing to support the local economy.

The Strategic Initiatives Fund is a flexible program that aims to capitalize on the unique opportunities and strengths that exist in these communities to invest in projects that strengthen innovation, partnerships and diversification of economic activities.

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