Housing corporation
offers land for sale province-wide
Newfoundland and Labrador Housing Corporation (NLHC) is offering land
for
sale in four areas across the province. The properties are offered for
sale "as is" on a first-come, first-served basis and include: 1,378
acres
- Pitts Memorial Drive/TCH area, 278 acres - Kenmount Road, St. John's;
four acres - Prince Philip Drive and Windsor Street, Corner Brook;
eight
acres - Prince Street; 8.8 acres - Hibernia Drive residential area,
2.26
acres - Gladney Street/Hibernia Drive commercial area, Clarenville; and
263 acres - Octagon Pond, Paradise. In total, this offer represents
nearly
40 per cent of the Corporation's banked land holdings not previously in
a sales position. The announcement was made today by Art Reid, minister
responsible for housing.
"This land is being offered to the private sector, in part, as
a response
to the market interest that has been expressed in corporation land not
currently being developed," Mr. Reid said. "It is the intention of
government
to continue providing more opportunities for and encourage more
participation
by the business community in the development of NLHC assets. These
properties
will remain available for sale until such time as the corporation
receives
a fair market offer."
"While most of the property now being made available is a mix
of residential
and open space/recreational land, government is reviewing options for
the
remainder of NLHC land holdings, the bulk of which is
commercial/industrial
property," Mr. Reid added. "These options are being considered in
conjunction
with proposals made to government by industry stakeholders and ongoing
discussions NLHC is currently having with towns and cities throughout
the
province where corporation land holdings are located. A final decision
regarding these options is anticipated later this summer."
The corporation will be accepting offers at its head office on
2 Canada
Drive in St. John's. Those interested in receiving information, plans,
descriptions and other particulars pertaining to each site and
placement
of offers are invited to contact the Property Services Division at
(709)
724-3333.
For further information, contact:
Jenny Bowring, Corporate Communications
Telephone: (709) 724-3055
E-mail: releases@nlhc.nf.ca
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