Bay Roberts, Loblaw looking to finalize deal
‘ We are ticking off the list’ — Mayor Philip Wood
Officials with the Town of Bay Roberts are ready to take the next step.
They are looking to set up a meeting with representatives from Loblaw Properties Limited in order to finalize a deal for the Canadian grocery giant to purchase the roughly 60 acres of land off L.T. Stick Drive in the community and develop the Bay Roberts Business Park.
“We are certainly hoping to meet in the next few weeks,” said Bay Roberts Mayor Philip Wood.
Since signing a letter of intent with the company in May of last year, both sides were tasked with a set of conditions that each needed to complete before the deal would be finalized.
One of those conditions included running water and sewer to the site, which the town did in September as a part of a larger project to run water up as far as Pickett’s Road.
“We are ticking off the list,” said Wood.
Various land acquisitions were also on Bay Roberts’ list.
“We’re hoping to get together and finalize a few things,” said Wood.
When a deal is worked out, Loblaw would become responsible for the future development of the park. Loblaw currently operates the Dominion store on the Conception Bay Highway.
Wood was hesitant to put a timeframe in place for the completion of the project.
A string of missed deadlines and constant delays at the Veteran’s Business Park in nearby Tilton have made officials in Bay Roberts hesitant about declaring a start date.
However, Wood did say he would welcome a start date during either th e spring or summer months.
“We’re very anxious to get things going,” he said.
Should the agreement fal l through, Bay Roberts has options open to itself. The town could look to sell off individual lots for development, or turn the land into residential properties.
“We have a lot of options,” said Wood.
Meanwhile, at the town’s regular council meeting on Jan. 29, councillors approved the opening of a Wing’n It restaurant along the Conception Bay Highway in the town.
According to the company’s website, the restaurant is expected to open its doors in March.
The St. John’s-based business is the latest restaurant chain to try and make a go of it in the same space as failed tenants Pizza Delight and the All-Star Eatery.
Bay Roberts would join restaurants in Gander, St. John’s and Grand Falls-Windsor.