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Wednesday, January 25, 2017

LaSalle extends development fee exemptions for 18 months

The Windsor Star/Julie Kotsis

http://windsorstar.com/news/local-news/lasalle-extends
 
Developer Peter Valente and others were given some breathing room when LaSalle councillors agreed Tuesday to extend development fee exemptions for certain types of building projects.
 
The town’s 18-month waiver on development fees for apartment buildings, retirement homes and commercial developments was due to expire April 1.
 
But Valente, who said in a letter to council that his company is currently working on two projects in LaSalle, asked that the incentive program be extended for 18 months.
“It is unlikely that all approvals will be in place in advance of the deadline,” wrote Valente, president of Valente Development Corporation.
 
The proposed projects are a five-acre residential development with up to 175 apartments or a mix of apartments and retirement residences at Malden and Sprucewood roads and a two-acre commercial development at 6585 Malden Rd.

Valente said the first project is valued at $35 million and the second in the multimillion-dollar range.
 
Since the incentive plan was introduced, LaSalle has seen two new apartment buildings approved. Mayor Ken Antaya has said the town is looking to diversify its development and encourage building project in LaSalle. The exemption program will run until Sept. 30, 2018.

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