
Council strikes potential deal on 30-unit apartment development
La Ronge council has voted to move ahead with a deal with a land developer that could result in a 30-unit apartment complex being built in the coming years.
If successful, the deal would see Harvest Asset Management Inc. purchase the lot, located along Bedford Drive, for $1,000, as well as receive a four-year tax abatement at closing. Also upon closing, the company would need to complete the project within two years or be faced with a $25,000 penalty.
The apartment complex development would include a mix of one and two-bedroom units.
“This one company had approached us and, after some back and forth, we looked at a number of options,” La Ronge chief administrative officer Lyle Hannan said. “This particular parcel seemed to be easiest for them to deal with and they were the most interested in.”