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Glenn Bennett, Chief Councilor of the Kitselas First Nation and Terrace Mayor Jack Talstra today signed a cooperation agreement to partner in the development of about 800 acres of potential industrial land immediately south of the Terrace/Kitimat Regional Airport.
The agreement paves the way for a transfer of the land, currently under BC control, to a joint venture structure that will plan, develop and market the land. “Kitselas has developed a partnership strategy to help achieve our community economic and social goals” said Chief Glenn Bennett, “We have had a long term effective working relationship with the City of Terrace, one that we value highly. This latest agreement adds a new and exciting dimension to that relationship.”Mayor Talstra said “The growth of our regional economy is a shared goal for Terrace and Kitselas. We believe that we can create incentives through the provision of this significant industrial land base that will encourage new industries to consider the potential in the Terrace area.”
The City of Terrace and Kitselas have a broad based intergovernmental agreement that was signed last fall that covers a variety of jurisdictional and service areas as well as areas for economic and social cooperation. That agreement provided the foundation for the industrial land cooperation accord signed today.
“Now we need to work out the details of how the partners will hold the land, contribute to its planning and development and finance the infrastructure” said Chief Bennett.
The City and the First Nation hope to use this industrial land development as one of the key components of an economic revitalization initiative to build on the strengths that exist in the region.
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