(File photo/northeastNOW)

By Cam Lee

Incentive policy

Nipawin Council approves new policy intended to attract development

Feb 25, 2025 | 5:00 PM

Nipawin Town Council has approved a Community Investment Incentive Policy.

The policy was given the green light at Monday night’s Council meeting.

CAO Michele Sorensen said the Community Investment Policy offers the “near equivalent to four-year abatement to encourage residential and commercial development, revitalization, and property improvements.”

“Incentives include a payout that would be paid upon “closed in” level of completion,” said Sorensen.

• Residential Development: Ranging from $9,600 to $12,000
• Multi-unit housing: $20,000 to $24,000
• Apartments: $1000/door
• Condos: $1200/door
• Commercial Development: up to $40,000 for new builds and up to $20,000 for expansions/upgrades

Playoff Hockey

Trojans set for first-round matchup with defending champion Blazers

8h ago

Court appearance

Murder suspect pre-trial conference continues next month

15h ago

Moose

Seized moose meat taken to Humboldt food bank

Feb 24, 2025

“These investments are to help attract developers, increase housing options, boost business growth, and enhance the local tax base by taking a cash in hand approach to development in the community as opposed to the traditional no pay for an extended period following completion,” explained Sorensen.

She said the town will be reviewing their current incentives and will replace those that have been less effective over time to ensure the best support for development.

The motion said administration will finalize the implementation of the policy, establish the application procedures for the policy, and promote it to potential developers. The policy is expected to be ready before May 1.

–

Cam.lee@pattisonmedia.com