After about a year’s worth of talks between Volkswagen, and the federal and provincial governments, the deal was made public this past Monday.
The automaker announced it was locating an electric-vehicle battery plant in St. Thomas.
It’s Volkswagen’s first overseas gigafactory.
It’s a logical choice given the city’s location, its proximity to essential minerals mined in Northern Ontario and required for production and the provincial deal just consummated that brings hundreds of acres of Central Elgin land into the confines of St. Thomas.
The plant will be operated by Volkswagen’s battery division, PowerCo.
Few details were made available on the size of the plant, the number of workers to be employed and how much will the deal ultimately cost taxpayers in this country.
More on that in a moment.
Following the announcement around noon on Monday, Mayor Joe Preston advised this is only the beginning.
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Three decades after incorporation, could the son of a founding father offer a financial lifeline to the Elgin County Railway Museum?
Preserve a critical piece of property intrinsically linked to the city’s railway heritage or build 240 or so badly needed housing units in the downtown core.
That’s the question to be put to members of the Elgin County Railway Museum early next month.
St. Thomas developer Doug Tarry is offering to purchase eight acres of railway land immediately west of the museum at $300,000 per acre for low-rise residential development that would front on to a new street to be built off Ross Street and north of Jonas Street.
The museum would remain, as would the transfer table to the east. Much of the existing yard track would have to be lifted to create a new yard to the north of the museum, maintaining the connection with the Port Stanley Terminal Rail line.
The offer is conditional on the museum receiving approval of the membership.
The reason for a possible sale of some of the excess land is to raise funds to go toward restoring the museum building – the former Michigan Central Railroad locomotive shops – while reducing ongoing operating costs.
Proceeds from the sale will provide seed money to access additional loans and grants to allow for the complete restoration of the building.
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