Town officials in Spaniard’s Bay have confirmed that two major milestones have been realized in the development of a sprawling new business park.
Mayor John Drover confirmed today (Aug. 28) that council has endorsed a plan to borrow up to $3.8 million to install water and sewer infrastructure to the park boundary.
The town and Veterans Development Park (Phase 1) Inc., the company behind the project, have also signed off on a development agreement that will ensure work at the site begins “sooner rather than later,” said Robert Lundrigan, a spokesman for Veterans Development.
The agreement was signed at the Spaniard’s Bay town hall on Aug. 27, prior to a regular council meeting.
It’s a major step forward in what is being described as a “massive commercial undertaking” in Conception Bay North.
Mayor Drover and Lundrigan said more details on the project will be made public in the coming days.
This is “very good” news, said Drover. “There’s a lot of information we can’t release yet.”
Veterans Memorial Business Park is a 240-acre site in Tilton, just off Veterans Memorial Highway.
The venture has been generating buzz in the region for several years, with proponent Brad Roberts suggesting the business park will “create a world of opportunity for the whole western Avalon.”
It’s been confirmed that Kent Home Improvement will be setting up shop in the park, and according to the company’s website (http://bradrobertsdevelopments.ca/ ), “We have successfully landed a major grocer anchor tenant to accompany the new Kent store.”
Much of the site was cleared of vegetation two years ago, but little visible progress has been seen since.
Lundrigan said the signing of a development agreement with the town clears another major hurdle in the process. He said sensitive negotiations are continuing with potential occupants of the park, and noted, “this is an exciting time.”