Kent MacIntyre of Saint John Waterfront Development tells CHSJ News says the development could produce up to a million dollars a year in property tax.
He says it has the potential to draw more private enterprise to Saint John. He says once the density of the uptown core is increased, the area will be buzzing with activity from small and medium-sized businesses.
Three assessments showed contaminants were present at the site, an environmental clean-up is going to cost them less than a million dollars. MacIntyre says he expects the developer will have a building permit in his hands by late 2014.
