Cornwall ON – Crews from Cornwall Gravel Company have started work on the expansion of Industrial Park Drive to Tenth Street in the Cornwall Business Park. The project will facilitate the servicing and development of approximately 300 acres.
“This project will help pave the way for new development opportunities in the Business Park,” said Mayor Bob Kilger. “It is a proactive move that will eventually lead to new commercial activity, jobs and assessment for the City.”
The $3.9-million project involves a 1.8 km extension of Industrial Park Drive west to Tenth Street as well as the construction of a watermain and sanitary sewer along a portion of Industrial Park Drive and Tenth Street. The work is slated to be completed by the end of September.
Funding for the project is coming from a variety of sources, including the City as well as CN and Transport Canada. Support from the Provincial and Federal governments has not been confirmed at this time.
“This is a strategic investment in the future of the Business Park,” said Mark Boileau, Manager of Economic Development. “Cornwall continues to attract a great deal of interest from investors, and this project will help us meet that demand both now and into the future.”
The project will provide ready access to, and servicing of approximately 300 additional acres. A 120 acre parcel has already been sold to Boundary Properties and preparatory development work is currently underway on that site.
The extension of Industrial Park Drive will result in the closure of Tenth Street East at Boundary Road, thereby eliminating a potential safety risk given the intersection’s proximity to the CN railway line.
About the Cornwall Business Park
The Cornwall Business Park is located in the eastern part of the city, immediately adjacent to Highway 401. At well over 1600 acres, the Business Park is home to some of Canada’s largest distribution centres, award-winning manufacturers and great transportation companies.
Fully serviced land in the Business Park is currently for sale at $20,000 per acre, making it some of the most affordable land in Ontario. When you add in the fact that Cornwall does not have development charges, the cost to develop a facility in the Business Park is truly a great incentive to build. The Park is zoned to include a wide range of manufacturing and service-commercial uses.