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Building permits keep pace.

Building permits keep pace

Thunder Bay Mayor Jack Masters says that, surprisingly, building permits in the city so far this year have kept pace with 1989.

Masters says there has been no appreciable sign of a fall-off, although he thinks that it will happen with the general downturn in the economy.

Municipal figures for the period between Jan. 1 and Aug. 1 indicate that 1,024 permits were issued for construction worth $58.49 million.

Masters points to a number of anticipated or approved projects in the city. They include a $20-million apartment complex, a centre for older adults and a senior citizens extended-care facility, which would be in the $14 million to $16 million range.

Masters notes that a new industrial park, Balmoral 4, has just been opened and the approximately 30 lots are for sale. In fact, he says people are standing in line for the properties.

The mayor also expects to see some major developments in the inner city area, including an expansion of the Inter City Plaza.
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Title Annotation:Thunder Bay Report
Author:Bickford, Paul
Publication:Northern Ontario Business
Date:Nov 1, 1990
Words:171
Previous Article:Buyer's market expected to continue.
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