Boundary Alteration Benefits Economy in Capital Region
The City of Regina and the Rural Municipality of Sherwood No.159 (RM) have reached an agreement to alter the boundary between the two communities to bring 1,187 acres of land into Regina city limits. The land included in the alteration is located south of Inland Drive, between Winnipeg Street and Fleet Street.
The boundary alteration responds to recent regional economic development and enables the City to meet the needs of the Viterra Crush Plant and Federated Cooperatives Limited (FCL) Integrated Ag Complex.
“We are pleased the City of Regina and RM of Sherwood have reached an agreement that allows these significant investment opportunities to advance in the Greater Regina Area. These projects will result in significant economic benefits for both the City and the RM,” said Regina Mayor Sandra Masters.
The Viterra and FCL projects are generational opportunities that will strengthen the economy through local processing of canola crops and the production of renewable diesel. These investments will drive job growth and have a significant impact on the future regional economy. It is estimated these projects will result in a combined total of 3,750 construction jobs and 400 permanent jobs.
“The RM is excited about the local processing plant initiatives and is looking forward to future diverse development opportunities in the area,” said Reeve Susan Oakley-Paul.
The boundary alteration aligns with long-term growth intentions outlined in both parties’ Official Community Plans. In addition, the agreement addresses RM investments into Inland Drive and future stormwater impacts in the RM that result from development on the lands.
The tax loss compensation payable by the City to the RM is $126,000, which is consistent with similar boundary alterations across the province. The boundary alteration will take effect January 1, 2023.
