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Local Economic News

Office building planned for empty corner lot
GALEN EAGLE, EXAMINER

A local developer has plans to build a three-storey office building in the vacant lot at the corner of Stewart and Charlotte streets.

The building, which would be about 9,000 square feet, would house retail stores on the ground level and office space in the upper two storeys, city land-use planner Caroline Kimble said.

Parking lots would be built along the side and back of the building, she added.
Suncor Energy Inc. owns the empty lot, which was once a gas station, and Seven Hills Developments has applied for rezoning of the property.

The city has accepted the application, which now moves onto the public consultation phase and will require a public meeting in the future.

Tourism gets a boost
The Province is spending nearly $2.5 million on regional tourism over the next two years

(PETERBOROUGH) To develop a regional tourism organization for Peterborough, Kawartha Lakes, and Northumberland, the Province is going to spend nearly $2.5 million over the next two years.

The money is part of $65 million being distributed across the province.
MPP Jeff Leal says, in a media release, the money will help spur economic activity, investments, and development in the community.

An interim group of tourism industry operators, regional tourism professionals, and regional economic development professionals will manage the money and lead tourism marketing and development projects. The new organization should be in place in 2011.

The Province is also giving $440,000 to the Greater Peterborough Area Economic Development Corporation, in partnership with the Peterborough Destination Association, to increase marketing for Peterborough and the Kawartha's Tourism.