Red Lake to Receive Funding for Seventh Street Brownfield Redevelopment

RED LAKE, ONTARIO--(Marketwired - July 23, 2015) - Residents of Red Lake will benefit from the brownfield redevelopment on Seventh Street thanks to joint funding from the Governments of Canada and Ontario through the Small Communities Fund.

This project will entail a complete soil assessment of eight acres of land on Seventh Street to encourage residential development of the site. Ultimately, this initiative will help Red Lake boost regional development and remain a great place to work, live and raise a family.

The $1-billion Small Communities Fund provides funding for priority public infrastructure projects that deliver on local needs. Canada and Ontario will each provide $272 million to support projects in communities across the province with fewer than 100,000 residents. This funding will help address local priorities, supporting job creation and economic growth, thus sustaining a high quality of life in small communities across Ontario for years to come.

Quick Facts

• The Government of Canada will provide up to $508,802 through the Small Communities Fund for this project.
• The Province of Ontario will contribute up to $508,802 to this project.
• Red Lake will be responsible for all remaining costs of the project.

Quotes

"We are pleased to invest in projects such as the Seventh Street brownfield rehabilitation that will benefit our community by improving much needed local infrastructure.Our Government's commitment to municipalities, big and small, has never been stronger. Through the New Building Canada Plan Small Communities Fund we are investing in priority infrastructure projects that have a strong impact on the quality of life of Ontario's residents while helping job creation and economic growth."

The Honourable Greg Rickford, Minister for the Federal Economic Development Initiative for Northern Ontario, Minister of Natural Resources, and Member of Parliament for Kenora

"Today's investment will help to encourage residential development of a brownfield property on Seventh Street, ensuring that Red Lake remains a great community for people to live, work and raise a family in. It's part of the largest infrastructure investment in Ontario's history - more than $130 billion over 10 years. Our government is committed to building Northern Ontario up through important community infrastructure projects like this one."

The Honourable Michael Gravelle, Minister of Northern Development and Mines

"On behalf of the residents; I would like to thank the governments of Canada and Ontario for their investment in Red Lake through the Small Communities Fund. This Seventh Street Brownfield Redevelopment Project will help our community encourage residential development and economic and social growth. These are the types of multi-government partnerships that are necessary to maintain our high quality of life in small northern rural communities like Red Lake."

Phil T. Vinet, Mayor of Red Lake

Associated Links

To learn more about the Government of Canada's infrastructure programs, including the Small Communities Fund, please visit http://www.infrastructure.gc.ca/plan/nbcp-npcc-eng.html.

To find out more about Ontario's infrastructure programs, including the Ontario Community Infrastructure Fund, visit http://www.moi.gov.on.ca/en/infrastructure

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