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Tuesday, April 8, 2014

Not A Great Year For SJ's Industrial Parks

It turns out 2013 wasn't exactly a spectacular year for Saint John's Industrial Parks (although really, are industrial parks ever truly 'spectacular'?)

Saint John Industrial Parks General Manager Brian Irving explained to common council they had hoped to see $500,000 in land sales---but they only managed to realize $60,000 of that projected goal due to a deal with the province for 1,100 acres which fell through.

Tax revenue and growth for the industrial parks was $95,000 dollars which was almost on target. 

Currently, Saint John Industrial Parks have $4.4 million in assets--and they're hoping to turn things around on the sales front in 2014.