The pond is part of flood relief efforts for the people in Oakville Acres.
The land is located behind a car wash on Rothesay Road and Mayor Bill Bishop tells CHSJ News all of the land acquisition for the project is nearly complete.
Bishop says the owner of the land was asking too high a price so they had no choice but to go the expropriation route. He would like to see construction begin by the fall or winter. The town is also in discussions for another piece of land and Bishop says negotiations are going well.
