For further information:
Sarnia Mayor Mike Bradley, Board Chair
Sarnia-Lambton Economic Partnership
519-332-0330
mayor@sarnia.ca
George Mallay, General Manager
Sarnia-Lambton Economic Partnership
519-332-1820
mallay@www.sarnialambton.on.ca
For Immediate Release
Sarnia-Lambton, ON, CDA; January 27, 2010 – With the value of new construction in Sarnia totalling close to $100 million, 2009 concluded within the top five highest yielding years for planned development in the city’s history.
Year-end building permit figures recently released by the Ontario-Michigan border city showed that the value of new construction in Sarnia during 2009 surpassed 2008 levels by more than $4.6 million. The number of building permits issued by the city was also up by almost seven percent.
“This rate of increase is significant, as it confirms that people from both within and outside the city have confidence in our ability to continue to grow and prosper,” said Sarnia Mayor Mike Bradley, board chair of the Sarnia-Lambton Economic Partnership. “Given our momentum from last year’s performance, along with current and pending projects, we’re optimistic that a trend of solid growth will continue into 2010.”
In December, building permits were issued for new and expanding developments for residential, institutional, commercial, and industrial uses, noted Mayor Bradley. In residential development, the largest increase was in multi-family dwellings, which included the new apartment tower being constructed by the Tricar Group near Centennial Park on Sarnia’s waterfront.
“Building developments being planned for our area not only reflect a variety of economic sectors, but continue to represent both private and public interests,” noted George Mallay, the Economic Partnership’s general manager. “Those targeting Sarnia-Lambton for future projects should be encouraged by these very positive signs that our economic growth is broadly based.”
Sarnia-Lambton is growing a promising and sustainable, green future from its historic industrial roots and abundant natural features. Situated along the famous blue waters of Lake Huron and the St. Clair River, Sarnia-Lambton’s distinctive combination of modern city amenities, small town charm, quaint country corners, sandy beaches and recreational attractions are home to an increasing number of people and businesses. Visit www.slep.wpengine.com to see why the community is well positioned for “powering a sustainable world(TM).”
Snapshot: Sarnia’s New Development Progress
Top Five Years Value of New Construction
1. 2007 $195.3 million
2. 2006 $172.7 million
3. 1988 $107.1 million
4. 2009 $ 99.3 million
5. 2008 $ 94.3 million
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Posted in: SLEP News