High cost estimates put fabrication yard cleanup on hold
Tenders price work at more than $3M to cleanup site
Higher than expected cost estimates have put plans to clean up the fabrication yard in Borden-Carleton on hold.
"It was a promise of the government and we're [going to] stand behind it," said P.E.I.'s Minister of Economic Development and Tourism Heath MacDonald.
The government purchased the fabrication yard eight years ago for $359,000. It is the site where pieces of the Confederation Bridge were constructed in the 1990s.
The government originally thought it would cost between $750,000 and $1M to redevelop the land, including removing the giant concrete pillars that remain on the site.
However, tenders this year have priced the work at more than $3M.
MacDonald said the government expects to hear from Borden-Carleton in the new year regarding the town's plans for economic development.
"I think there's some real opportunities to work with the town of Borden-Carleton and see if we can come up with some solutions to help build prosperity in that area. I think there's still potential there," he said.
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With files from Kerry Campbell