It’s being referenced as a historic settlement.
An $80 million compensation package to the Municipality of Central Elgin for the hundreds of acres of land absorbed by St. Thomas for its new industrial park that is to be the home of the PowerCo EV battery plant.
The land was obtained by the city under provisions in Bill 63, St. Thomas – Central Elgin Boundary Adjustment Act, 2023.
The $80 million is made up of $15 million in monetary compensation and access to 7,700 cubic metres per day of wastewater treatment capacity at flow rates equal to City of St. Thomas rates.
This is projected to have a value of $75 to $85 million.
The question to ask is how will this impact water rates for Central Elgin residents?
Tag Archives: YMCA
Will sticker shock dampen the enthusiasm for a community/aquatic centre?
There is no doubt plenty of support in the city for a community and aquatic centre. To the extent, if you add all the bells and whistles sought by the public, the projected cost would be well more than the estimated $25 million just for an aquatic centre.
This is all contained in a report to council for Monday’s (Dec. 20) meeting from the technical committee struck to “create a physical concept plan and determine the location for a new community and aquatic centre in order to be prepared for future funding opportunities by December 2021.”
To prepare its report, the committee looked at the Bostwick Community Centre, East Lions Community Centre, Komoka Wellness Centre, South London Community Pool and the Stoney Creek Community Centre.
Ian's City Scope 