A new industrial park south of Shediac Road near the TransCanada Highway will help meet the growing demand for industrial land in the region.
Director of Planning, Bill Budd, introduced phase one of the development to Moncton City Council on Monday. Phase one proposes new public streets and industrial lots over 151 acres of land.
Budd told council Moncton Industrial Development has a lineup of businesses in need of industrial land and the development’s proximity to the highway and the Greater Moncton Airport makes it a hot commodity.
Over 8,000 people are currently employed in Moncton’s industrial parks, according to a city report. It notes that approving the industrial park at this location may provide a net benefit to the City of $27.96 million over 25 years.
Council approved recommendations on Monday evening to move forward with the process, and the next steps are a public presentation on March 21, a public hearing on May 2, and that by-Laws be referred to the Planning Advisory Committee for their input.