Fu­ture gains for Membertou

Land ex­pected to be fu­ture as­set for First Na­tions com­mu­nity

Cape Breton Post - - Business - BY CAPE BRE­TON POST STAFF news@cb­post.com

For Membertou Chief Terry Paul, de­vel­op­ing Syd­ney har­bour is key to this area’s fu­ture and, late last month, his com­mu­nity moved to­wards fur­ther se­cur­ing that.

Membertou on Fri­day, April 28, pur­chased 70 acres of land that fea­ture 1,000 feet of wa­ter­frontage on Syd­ney Har­bour. The in­dus­trial land is lo­cated be­tween prop­er­ties owned by Pro­vin­cial En­ergy Ven­tures Lim­ited and Lo­gis­tec In­cor­po­rated in Syd­ney, with ac­cess to the Syd­ney Port Ac­cess Road.

“We feel this pur­chase is part of our mis­sion to de­velop op­por­tu­ni­ties and em­ploy­ment that could be had in Syd­ney har­bour — we’re com­mit­ted to de­vel­op­ing the har­bour and the com­mu­nity of the area and we feel the pur­chase of this land is key in our mis­sion to do that,” ex­plained Paul in a tele­phone in­ter­view on Wed­nes­day while he was on his way to Truro.

The ac­qui­si­tion comes five years af­ter the ac­qui­si­tion of land and wa­ter­front prop­erty in Sy­d­port In­dus­trial Park in the spring of 2012 which is now the home of Membertou Off­shore Inc. Paul said it was too early to say what will go on their most re­cent pur­chase.

“We haven’t de­cided ex­actly what it will be but we know that there’s op­por­tu­ni­ties com­ing and we want to be right at the beginning of it,” said Paul. “We feel that what­ever we come up with will help with the de­vel­op­ment of the har­bour.”

The land was pur­chased for $1.2 mil­lion from Nova Sco­tia Lands and the whole deal took sev­eral months to be com­pleted, Paul added.

Re­ac­tion to the deal was en­thu­si­as­tic, with CBRM Mayor Ce­cil Clarke wel­com­ing the move.

“This im­por­tant in­vest­ment by our First Na­tions part­ners builds on the mo­men­tum that is un­der­way at our port and is a pos­i­tive in­vest­ment in the fu­ture pros­per­ity of our com­mu­nity,” said Clarke.

Al­bert Bar­busci of Syd­ney Har­bour In­vest­ment Part­ners con­grat­u­lated Membertou on the ac­qui­si­tion.

“We see fu­ture de­vel­op­ment of this land for ad­vanced marine ser­vices, ship re­pair, off­shore oil and gas sup­port and dry dock­ing,” he added.


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