Canal project in Wakaw delayed
By David Hutton, The StarPhoenixJune 22, 2009
The $200-million canal development that was to transform Wakaw into a resort community comparable to Banff is still on hold due to the struggling national economy, the town's mayor said Friday.
But Mayor Ed Kidd said he expects the project to be given a green light again "within a few weeks."
"The project went on hold when the economy flipped the wrong way," Kidd said. "The economy was weak and nobody was purchasing property. They felt the timing wasn't right."
The proposal would see a one-kilometre canal to link the town to nearby Wakaw Lake and the subsequent development of housing, a hotel-spa-convention centre, marina and golf course. It has been under consideration since the 1990s.
The developer, Stylo Developments of Calgary, stopped construction last fall, Kidd said.
Wakaw is about 90 kilometres northeast of Saskatoon and about 60 km south of Prince Albert. The resort development will be able to draw on a substantial part of the provincial population and is also expected to attract visitors and buyers from out of province.
In recent talks with the developer, Kidd said they've indicated the project will likely proceed.
The stable provincial economy and consistent demand for homes and cottages in the area bode well for the town when the economy recovers, the mayor said.
"The times are changing. The economy is better and stronger. I've been having in discussions with them. They're back looking at it again for next fall.
"It's been disappointing, but on the other hand you want the project to succeed. We've waited a year so another year isn't the end of the world. We'd rather wait than see it fail."
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The $200-million canal development that was to transform Wakaw into a resort community comparable to Banff
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Huh?