Investing in land west of airport will generate jobs, millions in tax revenue: city report
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Hey there, time traveller!
This article was published 11/02/2022 (1345 days ago), so information in it may no longer be current.
A major investment to service industrial land just west of Winnipeg’s airport should pay off in thousands of new jobs and millions of additional tax dollars, a new city report concludes.
The public service report finds a $113 million, 30-year plan to extend water and sewer service to the Airport Area West lands could generate up to 16,000 full-time jobs.
At that point, governments would also cash in, with an estimated $129 million in tax revenue produced for the federal government each year, $107 million for the province and $80 million for the city, the report says.
All financial benefits are based on 2020 dollars and tax rates.
“It does make the case to make the investment… this report shows that there’s a return on investment for the city and for the provincial government and the federal government,” said Coun. Scott Gillingham, who leads council’s finance committee.
Council recently voted to earmark $20 million towards the $60 million first phase of servicing, subject to equal funds being provided by the provincial and federal governments.
Gillingham said this potential investment marks a critical step toward ensuring the city’s economic future, since job creation not only generates tax dollars, but can entice people to move to Winnipeg and prevent current residents from leaving.
The 3,600 acres of Airport Area West land is bordered by the Rural Municipality of Rosser to the north, James Armstrong Richardson International Airport to the east, Saskatchewan Avenue to the south, and the Perimeter Highway to the west. Industry is expected to cover 2,535 acres, with the rest earmarked for housing.
Economic Development Winnipeg has repeatedly urged the city to service more industrial land to expedite its financial recovery from the COVID-19 pandemic.
Joyanne.pursaga@freepress.mb.ca
Twitter: @joyanne_pursaga
Joyanne is city hall reporter for the Winnipeg Free Press. A reporter since 2004, she began covering politics exclusively in 2012, writing on city hall and the Manitoba Legislature for the Winnipeg Sun before joining the Free Press in early 2020. Read more about Joyanne.
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Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
Joyanne is city hall reporter for the Winnipeg Free Press. A reporter since 2004, she began covering politics exclusively in 2012, writing on city hall and the Manitoba Legislature for the Winnipeg Sun before joining the Free Press in early 2020. Read more about Joyanne.
Every piece of reporting Joyanne produces is reviewed by an editing team before it is posted online or published in print — part of the Free Press‘s tradition, since 1872, of producing reliable independent journalism. Read more about Free Press’s history and mandate, and learn how our newsroom operates.
Our newsroom depends on a growing audience of readers to power our journalism. If you are not a paid reader, please consider becoming a subscriber.
Our newsroom depends on its audience of readers to power our journalism. Thank you for your support.
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