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Fort Mac buying 55,000 acres

The provincial government is selling more land to accommodate new development in Fort McMurray.

 

The provincial government is selling more land to accommodate new development in Fort McMurray.

The government recently announced it will sell about 55,000 acres around the oilsands capital to the Regional Municipality of Wood Buffalo, which encompasses Fort McMurray.

The land would free up space for development east, west and south of the city.

"This is about creating an even better quality of life for residents of Fort McMurray, a thriving community that is expected to more than double in population by 2030," said Energy Minister Ken Hughes.

The long-awaited land is part of what's known as the urban development sub-region for Fort McMurray.

"It means stability in our housing market and a new world of business, cultural and recreational opportunities," said Fort McMurray Mayor Melissa Blake. 


from Western Investor September 2013