The city’s elected officials have approved a cost-sharing agreement with Dalron Construction to help link Regent Street with Algonquin Road by extending Remington Road.
The total eligible cost to construct Remington Road is $7.5 million, of which the city is footing $3,767,671. This includes a $1,883,835 pledge, with the balance delivered through development charge credits.
Located in the city’s South End, Dalron Construction vice-president Kristi Arnold told the planning committee of city council last year that they’ve owned the property for almost 40 years.
“Should we be successful we are anticipating, or hoping to get through in constructing the road this summer,” she told the committee in April 2024, estimating that the lands should support approximately 300,000 square feet of new industrial development.
Approximately 50 acres of vacant, mainly industrial lands will be freed up.
“The market for industrial is increasing, and it’s busy out there and there’s a lack of industrial land in Sudbury,” she said, describing the tract of land as being in an ideal location, close to an industrial bypass and the Four Corners, and carrying the infrastructure capacity required.
“We’re looking forward to constructing this road and bringing in some industrial lands.”
In April 2024, the planning committee approved the plan of subdivision, and earlier this week, the finance and administration committee of city council approved the cost-share agreement to extend Remington Road.
Both decisions were unanimous.
“The intent of the cost-sharing policy is for the city to realize an asset that provides an improvement to our transportation network,” city Planning Services director Kris Longston told the city’s elected officials.
“There is the additional benefit of opening up additional lands, but fundamentally, the principle of cost-sharing on this road is that we want the improvement to our transportation network to be in place.”
The ultimate goal, beyond what was proposed this week, is for the city to extend Remington Road farther west to Long Lake Road, north of the Smart Centres shopping plaza which houses the South End Walmart.
The draft-approved subdivision is slated to expire in April 2027, and the road is to be substantially complete by that date, though Longston said an extension could be awarded if they’re undergoing the work at that time.
“The intent of this approval would be to see that road constructed prior to April of 2027,” he clarified.
The road will be designed to include sidewalks on both sides along with two-metre-wide paved boulevards for active transportation.
The cost-sharing is for the road only, with the cost for water and sewer infrastructure to be incurred by the developer. The municipal funds and development charge credits will not be freed up until the road has been substantially completed.
Once completed, the Remington Road extension will be awarded to the city.
Tyler Clarke covers city hall and political affairs for Sudbury.com.