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The City of Thunder Bay signed agreements with a private development consortium that consists of Laureate Developments Ltd., Resolve Group Inc., Lombard North Group Ltd., and Double A Ventures Ltd.
The development of Prince Arthur’s Landing is expected to generate 250 direct construction jobs for each year of construction and $202 million in spending within the local economy. Once construction is complete, Prince Arthur’s Landing is expected to create 355 jobs in the broader economy and contribute $1 million a year in taxes to the City.
The private development will consist of a hotel, two condominiums, a commercial building for shops and restaurants, and redevelopment of the CN Station into hotel-related uses including a spa, restaurant, and meeting rooms.
The document below contains a summary of the major clauses and content within the agreements. The Developer and the City will take steps to further the designs for the various elements of this development project.
|Summary Descriptions of the Four Agreements||Adobe PDF, 10 pages, 62.1 KB|