A land deal between the Lloydminster Agricultural Exhibition Association and the city can now move forward after a two year delay.
The Lloyd Ex was approved for a $1 million grant from the Government of Alberta which will complete a $2.3 million land deal between the organization and the city. The city placed the grant approval as a condition for the acquisition of 51.08 acres of property north of the facility which will see the Ex paying the rest of the costs.
LAEA president Ron Weaver says the land will be an integral part of the organization’s future.
“We are pleased to see the Alberta government shares our vision for the potential this land expansion has for the community of Lloydminster and area. This vision has been in place for the past number of years and it’s gratifying to see all the hard work come to fruition.”
In September, General Manager Jenelle Saskiw spoke about refocusing the organization and looking at different forms of revenue. She said they will be looking at expanding the campground, north of the facility, in the near future.
Alberta Culture, Multiculturalism and Status of Women Minister Leela Sharon Aheer says the acquisition will have a wide-reaching impact for Lloydminster and the surrounding communities.
“Their organization has worked hard to contribute matching dollars to this important project that will expand their community hub, and have a far-reaching and positive impact on all Albertans. Now more than ever, we need projects that stimulate job growth and economic activities, while addressing community needs.”
In the past, the city has noted the land has been vacant for some time and no other parties were interested in acquiring it.