Blogs

Wasaga Beach sells land overlooking Beach Area One to Sunray Group

Mar 16, 2025 | Community News

March 16, 2025

Wasaga Beach has approved the sale of 1.5 acres of waterfront land to the Sunray Group for $580,000, marking the first phase of a major hotel development aimed at revitalizing the beachfront area. The hotel, estimated at $45 million, will include below-ground parking, a waterfront restaurant, convention facilities, and retail shops.

Mayor Brian Smith emphasized that the project will boost tourism, create jobs, and support local businesses, while the town’s CAO, Andrew McNeill, called it a transformative economic development move. The deal includes a five-year tax holiday and a joint venture agreement that could yield the town up to $11 million in profit-sharing. Construction must begin by September 2026 and be substantially completed by fall 2029.

Did you like this article?

Did you like this article?

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

Latest Posts

Hudson’s Bay Co. to liquidate entire business starting next week

Hudson’s Bay, Canada’s oldest company, is preparing to liquidate its entire business unless it secures last-minute financing. The retailer, which operates 80 stores, including three Saks Fifth Avenue and 13 Saks Off 5th locations, has struggled due to mismanagement,...

U.S. Sent 238 alleged Tren de Agua gang members to El Salvador

The United States has sent over 200 alleged members of a Venezuelan gang to be imprisoned in El Salvador, President Nayib Bukele said Sunday, after US counterpart Donald Trump invoked wartime authorities to expel migrants. "Today, the first 238 members of the...

Events

Related articles