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Town of Fort Macloed extends closing date for sale of 320 acres

virginia wishart

Economic development officer Virginia Wishart

The highly anticipated sale of 320 acres by the Town of Fort Macleod was delayed last week by another month.
Town of Fort Macleod economic development manager Virginia Wishart said the unidentified buyer requested another 30-day extension on the finalization of the purchase.
“We remain certain that this deal will indeed happen,” Wishart said. “The larger the deal, the longer it seems to take, but all the paperwork is already signed sealed and delivered. It’s just a matter of time. And patience.”
Wishart said the $8.5-million deal is now expected to close toward the end of June, and perhaps earlier.
Wishart encouraged Fort Macleod residents to remain confident.
“As the Town of Fort Macleod crest says, Hold Fast!” Wishart said. “We will get there in the end.”
The provincial government planned to build the $122-million Alberta Public Security and Law Enforcement Training Centre on the 320-acre site in the southeast corner of Fort Macleod.
When Calgary and Edmonton police forces announced in August they would not train recruits in Fort Macleod, the Redford government cancelled the project.
The construction contract awarded, the design completed, the development permit issued, utility lines were being placed and construction crews were on site when Redford killed the project.
In 2013, the province paid the Town of Fort Macleod $10.26-million in compensation for the cancelled project.
In addition, the province returned to the town ownership of the 320-acre parcel.
Town council in December accepted an $8.5-million offer following a special meeting.
The identity of the buyer has not been disclosed.
Conditions on the sale of industrial land once designated for the police college were officially waived on April 29.
The deal was to close on May 30.