Central Elgin reaches $80M deal with St. Thomas over electric vehicle gigafactory lands

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Ev Battery Gigafactory News

Central Elgin,St. Thomas,Politics

The compensation is over roughly 600 hectares of land annexed from Central Elgin to St. Thomas for an electric vehicle gigafactory.

RELATED: After Volkswagen, the world's biggest car company, announced Friday it will build its first manufacturing facility in Canada near a southwestern Ontario town, it’s expected that the factory will employ at least 3,000 and could help create 30,000 spinoff jobs.

Central Elgin will also gain access to a total of 7,700 cubic metres per day of wastewater treatment capacity “at flow rates equal to City of St. Thomas rates,” which the municipality says will help expand residential and industrial development.The wastewater treatment capacity will also help support redeveloping the former St. Thomas Psychiatric Hospital lands for residential use.

“It also sends the message that Central Elgin is a great place to invest amidst this time of unprecedented growth and opportunity for our region.”

 

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