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As of June 19, 2014, the operation of Enterprise Cape Breton Corporation has been transferred to both the Atlantic Canada Opportunities Agency and the Public Works and Government Services Canada.  Content on this site has been archived for reference, research or recordkeeping purposes.
 
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Blackett Street Subdivision: Former Mine Lands a Catalyst for Economic Development

As ECBC CEO, John Lynn says, “One man’s environmental liability is another man’s economic development opportunity.” 

A case in point are two properties in Glace Bay formerly owned by the Cape Breton Development Corporation (CBDC) that are now being developed as residential subdivisions.

A key consideration when ECBC assumed responsibility for the assets of the former CBDC was that ECBC could use its economic development mandate to further develop these assets for the long-term benefit the local community.

The Blackett Street Subdivision was the site of the ventilation and pumping shaft for Dominion No.4 Colliery. The fully remediated site, which affords views of Big Glace Bay Beach and the Atlantic Ocean, is in close proximity to downtown and now has eight serviced residential building lots.

Maplewood Estates is home to 25 serviced residential building lots on an undeveloped tract of former mine property located between Phalen’s Road and Reserve Street in Glace Bay. The land, which did not have environmental issues, is close to amenities and within a fifteen minute drive of Sydney.

The last residential subdivision development in Glace Bay was carried out over 20 years ago and the demand for these serviced lots has been brisk.    

The economic spin off from the construction of new homes in these two subdivisions is in the range of $8.5 million. Using a conservative multiplier factor of 1:1, the total economic benefit of this development is over $16 million.

 
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