For Immediate Release / January 21, 2025

Council Approves Servicing of Lakeview Business District

St. Albert City Council approved an investment of $62.7 million for the front-end servicing of Lakeview Business District, a key growth area in west St. Albert. The approval of the $78.4 million borrowing bylaw opens the door to development of this key regional industrial hub.  

“Advancing the development of Lakeview Business District is Council’s number one objective,” says Mayor Cathy Heron. “The approval of front-end servicing demonstrates our commitment to economic growth along the Ray Gibbon Drive Corridor, development of new and existing sectors and creating St. Albert’s newest industrial area, one of the largest in the Edmonton region.”  

The Lakeview Business District has gained significant momentum over the past decade, beginning with the Employment Lands Concept Plan in 2014. This has been bolstered by infrastructure investments, including the twinning of Ray Gibbon Drive, and the recent approval of the St. Albert West Area Structure Plan. This 600-acre light-to-medium industrial district is identified as a prime location for job creation and economic expansion, bringing an estimated 5,000 employees to the district at full build out. 

Development within the Lakeview Business District will enable: 

  • An estimated 5,000 new jobs in St. Albert. 
  • Economic and industrial diversification centred on light and medium industrial uses, with consideration for supportive commercial uses. 
  • Flexibility and adaptability to market conditions regarding industrial development. 
  • Further alignment with the Municipal Development Plan, Flourish. Moving towards an assessment goal of a 70/30 split (residential to non-residential) to promote sustainability and reduce reliance on residential taxes. 

Lakeview Business District Quick Facts: 

  • 600 acres with a mix of private and City-owned Land    
  • Located adjacent to Ray Gibbon Drive, and the growing residential communities of Riverside, Ville Giroux, and Chérot. 

The $78.4 million borrowing bylaw includes a standard 25 per cent contingency. First reading of the borrowing bylaw was passed on October 15, 2024, with second and third reading passed on January 21, 2025.  

For more information on Lakeview Business District, visit Business Parks at stalbert.ca/invest.  
 

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Last edited: January 21, 2025