St. Catharines City Council green lights extensions for developers struggling to meet CIP-approved project deadlines
As Canada seeks to emerge from one of the most economically tumultuous periods in our nation’s history, municipalities have contended with a global pandemic, supply-line challenges, labour shortages and inflation woes. These acute challenges have had a direct impact on developers striving to complete both intermediary and longer-term projects. In an attempt to facilitate optimal progress in the building of essential infrastructure, St. Catharines City Council has chosen to grant extensions to community improvement plan (CIP) approved projects.
CIPs provide property owners with financial incentives that can help to mitigate the burden of certain aspects of redevelopment initiatives. CIP agreements require that the projects be completed within three years, while brownfield redevelopment remediation projects must be completed within five years. For extensions to become available, the council had to amend bylaws from 2015 and 2020.