City identifies need for plan to reverse loss of non-residential tax payers
CTV
City data shows Edmonton's share of non-residential properties in the region has slid from 72 per cent in 2008 to 60 per cent in 2022.
A weather-worn sign advertising 18 acres of industrial land for sale in Edmonton's north east symbolizes the struggle the city has attracting industrial development.
The land is just a fraction of the nearly 50 square kilometres the city annexed more than a decade ago in a district dubbed the Edmonton Energy and Technology Park.
"We’d hoped that that would take off with petrochemical and plastics and things like that," Anand Pye, the chief executive officer of the Edmonton Commercial Real Estate Development Association, told CTV News Edmonton on Wednesday.
"We just haven’t seen that come into Edmonton specifically."
Pye says the city needs to do more to attract industrial business, adding just "0.1 per cent of the total industrial land area is serviced and ready to go for a business to move in tomorrow."
City data shows Edmonton's share of non-residential properties in the region has slid from 72 per cent in 2008 to 60 per cent in 2022.
Edmonton Mayor Amarjeet Sohi called the data "a wake-up call."
