Marlene Usher – ECBC

Economic Development Forum January 26, 2012 Enterprise Cape Breton Corporation ● Société d’expansion du Cap-Breton
Ben Eoin Village Four Season Des>na>on Resort Concept to combine opera>ons of: •  Marina •  Lakes Golf Club •  Ski Ben Eoin Ben Eoin Village Four Season Des>na>on Resort MARINA •  Capacity -­‐ 74 berths • 
• 
• 
• 
• 
DraL -­‐ 10 feet Ability to accommodate vessels up to 40 feet in length Launch ramp Fuel and pump-­‐out service Guest shore facili>es Ben Eoin Village Four Season Des>na>on Resort GOLF •  Graham Cooke designed golf course •  Course now fully opera>onal •  Total investment $10 M+ private and public funds Ben Eoin Village Four Season Des>na>on Resort SNOW SPORTS (Exis>ng ver>cal eleva>on 500 feet)
•  Alpine skiing (10 runs) •  X-­‐Country skiing (15 kms of trails) •  Snowboarding (terrain park) •  Snowshoeing (15 kms) Ben Eoin Village Four Season Des>na>on Resort SNOW SPORTS (Proposed enhancements)
•  Increase ver>cal of 350 L. •  5 new runs •  New quad chairliL -­‐1,200 feet longer (exis>ng 2,200) •  Ability to host na>onal events in skiing and snowboarding Ben Eoin Village Four Season Des>na>on Resort PROPOSED RECREATIONAL ACTIVITIES •  Tube and toboggan park •  Hiking (trail upgrades, gravel surface) •  Mountain biking (seasonal earth works to develop features) •  Zip lines (loca>on and viability to be determined) •  Scenic liL rides (new liL will need download capability for seasonal events) •  Golf school/camps •  Sailing school/camps •  Special high profile events, ski, golf, sailing Ben Eoin Village Four Season Des>na>on Resort ACCOMMODATIONS – Exis>ng and Proposed •  Birches of Ben Eoin (exis>ng) •  Private home and or condo/chalet development from the top of the tee boxes at # 6 to the exis>ng mountain top. (Phase II -­‐ 2013/2015) •  Will require second phase of roadway constructed, 2012/2013 ($700k) •  Approximately 25 lots will be available for private development (value $12-­‐$14 million private sector) •  Hotel/restaurant and chalet construc>on (conceptual phase III, exis>ng mountain top, sewer/water infrastructure required, 2013 or 2014) •  Mul>-­‐ million dollar private sector investment for building construc>on Ben Eoin Village Four Season Des>na>on Resort ALTERNATE ENERGY SUPPLY •  Installa>on of meteorological tower to confirm wind regime (Spring 2012) •  Turbine installa>on based upon data collected (Power produced for distribu>on grid -­‐ to be determined) •  Benefit -­‐ rates fixed over the wind turbines’ life span, no demand meter charges •  Turbine in snow making/water pipeline to generate power (small supply to promote green energy) Property/Waterfront Development •  Future opportuni>es for land development – 
– 
– 
– 
– 
Boardwalk extension downtown Second berth near Sydney cruise facility Condo/restaurant/office space Subdivision development Downtown farmers’ market Sydney Harbour Nickerson property – Robin Hood Mega Projects How can Cape Breton Benefit? •  Muskrat Falls
$6.2 billion •  N.S. Shipbuilding
$25 billion Muskrat Falls Mari>me link from the Island of Newfoundland to Cape Breton -­‐ Bolom Brook, NFLD (500 MW) Converter Sta>on (ac/dc) -­‐ Submarine cables across the Cabot Strait to Lingan, NS (180 km) -­‐ Cape Breton (500 MW) Converter Sta>on (dc/ac) tying into the exis>ng Nova Sco>a transmission grid at Lingan Total cost $1.2 billion Shipbuilding •  October 19, 2011 announcement for Irving Shipyard for combat vessels $25 billion over 30 years •  Contract for Arc>c offshore patrol vessels should be signed with Irving in September 2012 •  Commilee created under strategic framework to ensure integrated strategy •  First exercise – asset mapping to iden>fy capacity in Cape Breton (i.e.. companies, equipment, other assets) Mega Projects Strategy •  Help companies acquire informa>on, skills, technology, cer>fica>ons •  Provide financial support to companies through exis>ng programs to become bid ready •  Engage with community colleges on skills requirements and planning •  Sessions to be held locally with companies re: Irving procurement process (shipbuilding) and IRB procurement policy. Port Development •  Dredge complete -­‐ con>nuing role of oversight commilee -­‐ project completed on >me and on budget •  Next steps towards commercializa>on of harbour 1. Transi>on current SPC into a new policy board 2. Establish process to recruit and hire CEO 3. Pursue strategy to secure harbour dues locally 4. Ensure the development and implementa>on of a marke>ng strategy to support commercializa>on of a newly dredged Sydney harbour Engage all three levels of government to advance these issues (CBRM, Transport Canada, ECBC, Province of NS) Port Development (con’t) •  Interest has been expressed by private sector. Two large companies have been alracted to Sydney because of the channel deepening. •  New confined disposal facility at Sydport is world-­‐class and has great poten>al to alract development. •  Two future trade missions planned for port development. Donkin Export Coal Project •  Joint Venture –  Xstrata Coal Canada – 75% interest –  Erdene Resource Development Inc – 25% interest •  Xstrata now seeking regulatory approval for the opera>onal phase. •  Two op>ons iden>fied for transporta>on: –  rail –  barge •  Lower cost op>on of marine loading is iden>fied as the preferred op>on and is included in the comprehensive environmental review currently underway. •  Prefeasibility study projected a $1.06 billion net present value of the mine. Donkin Export Coal Project •  The project will have a transforma>ve effect on Cape Breton Island –  382 direct jobs total –  428 indirect jobs total –  505 of these will be in Cape Breton –  GDP will increase by $42 million annually –  $500 million in capital costs –  $100 million in annual opera>ng costs