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Waterfront development remains in limbo.

Thunder Bay's waterfront development initiative remains at a standstill while the city and the developer hammer out a development agreement.

But the $140-million Portside port·side  
adv. & adj.
1. On the waterfront of a port: taking a stroll portside; a portside restaurant.

2.
 project, which will spruce up spruce up
Verb

[sprucing, spruced] to make neat and smart

Verb 1. spruce up - make neat, smart, or trim; "Spruce up your house for Spring"; "titivate the child"
 the city's harbour with an amusement park amusement park, a commercially operated park offering various forms of entertainment, such as arcade games, carousels, roller coasters, and performers, as well as food, drink, and souvenirs. , time-shared condominiums, shops, restaurants and water attractions, may be on its way to becoming a reality before the end of the year, says the water front development manager.

Paul Brucha says negotiations are still underway with private developer Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships.  Waterfront Developments Inc. to start working on the long-awaited project. In the meantime Adv. 1. in the meantime - during the intervening time; "meanwhile I will not think about the problem"; "meantime he was attentive to his other interests"; "in the meantime the police were notified"
meantime, meanwhile
, cleanup at the site continues, allowing for construction to start later this year.

"We're still cleaning up the site after the Pool 6 implosion implosion /im·plo·sion/ (im-plo´zhun) see flooding.

im·plo·sion
n.
1.
," Brucha says, referring to the Dec. 17 demolition of the former Saskatchewan Pool 6 elevator that consumed a large portion of the property. "That's an ongoing project which is going to be finished later on this year. We're segregating the various materials on the site right now; nothing has left the site. Then there is some site remediation to do in order to make it environmentally nice because part of it was an industrial site."

Demolition of the grain elevator took just seconds and the implosion made national news. The grain elevator served the community for nearly a century, but its end marked the beginning of a colourful new waterfront district for the community.

Now almost six months later, Brucha says a development agreement may be just a few weeks away.

A portion of the funding is still awaiting the project's start; $15 million has been promised from the Northern Ontario Heritage Fund The Northern Ontario Heritage Fund is a division of the Ministry of Northern Development and Mines in the Canadian province of Ontario, whose purpose is to provide funding and program support to foster economic development in the economically disadvantaged Northern Ontario region.  Corp., but Brucha says construction must get underway before next spring in order not to lose it.

"There is a deadline of March 31, 2002," he says. "The rest of the funding is up to the developers (to secure)."

The city is still looking to have the entire development, which will be anchored by a 180-room Sheraton Four Points Hotel with views overlooking the Sleeping Giant, completed by 2004 as originally planned.

Brucha says once a development agreement has been inked, the project can move on to the design phase, followed by construction.
COPYRIGHT 2001 Laurentian Business Publishing, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Article Details
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Title Annotation:Thunder Bay
Author:GOULIQUER, DIANNE
Publication:Northern Ontario Business
Article Type:Brief Article
Geographic Code:1CANA
Date:Jun 1, 2001
Words:359
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