April 19, 2024

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The Fort McMurray Airport Authority is moving into actual property. Greater than 650 acres of land south of the airport is hitting the marketplace for builders interested by constructing retail, places of work, accommodations, industrial websites and transportation.

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The land is named Aurora Touchdown. Michael Sieger, the airport authority’s vp of air service and business improvement, says the plan is to develop the land in the course of the subsequent 15 years. The airport authority is assured that the oilsands is poised to develop, regardless of latest challenges about expansions.

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Sieger says there’s excessive demand for business and retail properties which can be bigger than areas present in strip malls. Fort McMurray Wooden Buffalo Financial Growth and Tourism (FMWBEDT) estimates folks spend $706 million yearly by on-line purchasing or by travelling exterior Fort McMurray.

The Aurora Touchdown improvement, positioned on 650 acres of land south of the Fort McMurray Worldwide Airport. Picture equipped by Fort McMurray Airport Authority

“We expect there’s an actual alternative, and we’re going to check the waters now and do this discovery work,” stated Sieger in an interview. “We’ve had some preliminary conversations and so they’ve been constructive.”

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Aurora Touchdown is split into 12 parcels starting from 35 acres to 80 acres. Plots will likely be marketed to builders throughout Canada and the US. It will likely be pitched on the Worldwide Council of Purchasing Centre’s conference subsequent month in Toronto.

Sieger stated elements of the land was initially put aside for a second runway that the airport now not sees as crucial. Business improvement has at all times been a aim for the airport authority’s management, although.

The Fort McMurray Worldwide Airport has additionally struggled since opening in 2014. Council permitted $15 million in assist for the airport in 2021. A number of routes have come and gone, together with a direct path to Tucson operated by Aptitude Airways. Airports throughout Canada are nonetheless recovering from the COVID-19 pandemic.

“We consider now could be the suitable time. We need to be fiscally accountable. We have now a chance to handle our personal approach by that,” he stated. “The land we’ve accessible provides us that chance to see a big enhance in non-aeronautical income.”

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