Lacombe eyeing return of major retailer
LACOMBE- Council has given first reading to a proposed borrowing bylaw to fund the revitalization of Lacombe Market Square by securing a major Canadian retailer as an anchor tenant, along with associated development.
“Council is considering this initiative in response to the number one concern expressed by citizens during recent public engagement processes – increased retail access,” said Mayor Grant Creasey. “In light of Lacombe being ranked as one of the best places to live in Canada, we believe this development can help address this pressing concern and make our city even more livable.”
The City will facilitate the transfer of lands located at 4951 Wolf Creek Drive between arms’ length developers.
Agreements have been prepared between the parties and the total cost to the municipality is $750,000.