Borden-Carleton offering up land for residential development
The P.E.I. Town of Borden-Carleton wants more homes, and it has put two pieces of land up for sale, hoping they will attract developers.
One is the old school property, three quarters of a hectare with a view of the water and Confederation Bridge. The other is on Read Road, measuring three hectares and close to the current school.
Town CAO Jim Wentzell said the town has plenty of jobs going, but a shortage of housing for people looking to move there to take advantage of them. Local seniors are also looking for downsizing options.
"I see the potential for Borden and I think that once one development starts, you're going to see a number of developments. It's a great place to live and there's a lot of industry in the area to employ people," said Wentzell.
"I think that it's just the start of more and more development. We've seen a lot of housing sales in the last year."
Tax rebate offered
The town is thinking the properties would be appropriate for some kind of rental development, but is open to suggestions, Wentzell said.
Developers are being asked to submit proposals. If those proposals are approved by the municipality, developers will be permitted to buy the land at market value. Council is hoping development will follow quickly after that point.
As an incentive, the town is offering a five-year rebate on municipal taxes.
The deadline for submissions is March 22.
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