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Clarington's investment in Lake Road extension attracts new growth and industrial development

Clarington October 30, 2017/- Developers are buying up large parcels of land along Lake Road since Clarington Council made a substantial investment to extend the road and services to that area in south Bowmanville. Since April 2017, around 50 acres of land on Lake Road have sold and several development projects are moving forward. The Municipality of Clarington made a significant investment to service the land and build infrastructure necessary to attract non-residential development and growth in the area.

In 2013, Clarington Council decided to up-front the cost of extending Lake Road to open up land for economic development, attract new businesses and jobs to the community. Through a cost-sharing agreement with a land developer, Council advanced approximately $1.4 million dollars to pay for the extension. Most of this work, $900,000, was funded through development charges and the balance will be recouped from the developer.

Clarington’s Engineering Services Department came up with a staged plan to extend Lake Road. The first stage, which was completed in 2014, involved the extension of Lake Road across Bennett Creek to South Service Road/Lambs Road. The second and third stages will begin in 2018 and will involve the extension of Lake Road from Lambs Road all the way to Bennett Road, further opening access to lands for non-residential development.

“Council made a smart decision by investing money in our community to service the land and build infrastructure necessary to support development,” said Clarington Mayor Adrian Foster. “We heard from CBOT (Clarington Board of Trade and Office of Economic Development) that we needed to service the lands surrounding Lake Road to help facilitate development and that’s exactly what we did. It’s smart planning and it has attracted industrial development in the area that will create jobs and economic growth,” added Mayor Foster.

This is just one of many initiatives that aligns with Council’s 2015-2018 Strategic Plan: to “facilitate the creation of jobs, attraction of new business and expansion of existing businesses.”

“Council is always looking to invest in our community. There’s no better way to ensure that Clarington prospers than facilitating growth by extending services and infrastructure,” said Mayor Foster.

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Basia Radomski
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905-623-3379 ext. 2214

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