City Council adds new policy for industrial land sales
Lethbridge City Council voted unanimously to approve the industrial land sales policy for industrial land within the city limits. Developers have five years to create a development plan, or else the city has the right to re-acquire the undeveloped commercial land at the original selling price.
Mayor Chris Spearman, says the new policy will save taxpayers money and will help to create jobs in the city.
Spearman adds, land that has previously been purchased won’t be affected by the new policy.