May 2016 Okotoks Growth Remains Strong Despite Slow Alberta Economy
Non-residential construction in Okotoks has been the prime driver in lifting Q1, 2016 Okotoks construction value to $28 million, a $6 million increase over the first quarter of 2015. Shane Olson, economic development manager for the Town of Okotoks believes the Town has reached a critical population level to support new development:
“As we continue to approach a 30,000 population these industrial and commercial developments are key,” said Olson. “These numbers are significant, and a good indication that people want to do business in Okotoks.”
According to Olson, the busiest area in town this quarter was the Southbank commercial district, which will soon see not only Save-On Foods and the Southbank Medical Centre, but also a microbrewery, a carwash, a three-storey office building and Okotoks’ third Tim Horton’s.
For more information see Okotoks Western Wheel: http://www.westernwheel.com/article/Town-sees-surge-in-industrial-activity-20160504