The City of Niagara Falls recently made a strategic move by purchasing a 96-hectare plot of land along Sodom Road. The acquisition aims to transform the Russell Aviation property into a bustling industrial park, marking a significant step in the city’s economic development plans.
The decision comes as a response to the high demand for industrial space in Niagara Falls. The existing Montrose and Stanley industrial parks are fully occupied, posing challenges in attracting major industrial projects in recent years.
In a decisive move on Tuesday, city officials approved the $6.5-million acquisition of the property located at 12761 Sodom Rd., strategically positioned near Sherk Road and Queen Elizabeth Way (QEW).
Additionally, council members have directed municipal staff to engage with Queen’s Park to explore the possibility of designating the QEW corridor between Niagara Falls and Fort Erie as a provincially significant employment zone. This designation could further enhance the region’s appeal to potential investors and developers.
Coun. Victor Pietrangelo highlighted the urgent need for additional industrial lands, emphasizing the benefits of diversification and job creation. He mentioned, “We badly need more industrial lands… Right now, we don’t have any more industrial land in the city of Niagara Falls to sell to any businesses.”
The purchase of the Sodom Road property is being funded through the proceeds from the sale of the Niagara Regional Broadband Network (NRBN). Pietrangelo expressed pride in this decision, noting, “I think it’s a great legacy for NRBN to be able to say that this is something that we left for the city.”
This strategic investment not only addresses immediate industrial space shortages but also sets the stage for future economic growth and prosperity in Niagara Falls. With a clear focus on attracting businesses and creating employment opportunities, the city is poised for a dynamic industrial transformation.
