If you are driving by Henderson Lake in Lethbridge you may have noticed construction of the new Agri-Food Hub and Trade Centre. The centre is coming in at a projected budget of over $70 million. The construction is generating between 500 to 600 jobs. The CEO of the Lethbridge and District Exhibition, Mike Warkentin, says the project is on budget.
“We continue to monitor the ongoing covid-19 risk that everybody has seen that has impacted supply chain as well as some of the manufacturing elements that are coming out of Asia. As of right now we are on track to meet that $70.6 million budget. That is for the building itself and the immediate surrounding area, which is a significant boost to the local economy and the visitor economy. Lastly, our focus is generating new visits to southern Alberta to showcase the natural resources and the economy that already exists here. So that we can continue a cycle of driving increase to economic impact to the community.”
Warkentin went on to state that the new centre will generate over $90 million per year for the local economy.
The new centre is expected to be finished by May of 2023.