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Vol. 43, No. 27 = : robe seuuz | © -RRACE BAY -- SCHF: ST tea Realty Ltd. bea te SHORELINE Simcoe Plaza g FB g. INSURANCE Box 715 a LTD. Terrace Bay RSs Ontario oF t 'i POT-2WO y a 825-9492 KA Office: 825-9393 = ® wigan Gord Moore Lynn Hedder Home: 824-3429]| ou : yi ¥ g The North Shore. Insurance ' Sales Representative ee Specialists! \ Besos 3 = s 40 cents Wednesday, July 6, 1988 Waterfront Development Phase One Study Complete By PAUL MARCON The NEWS On the evening of Wednesday June 29, Phase One of the water- front development study was pre- sented by Allan Hope a market- ing and economics specialist from Hope Consulting Group and by Paul Young a marine engineer and Gary Blazak a planner, both from Cumming Cockburn Consulting. From a mariné engineering perspective, possible coastal development schemes were ana- lyzed for potential waterfront development. A number of feasi- ble locations were analyzed from Terrace Bay on the west of town to isolated bays east of town. The Slate Islands were also examined as a possible location. Access to locations, cost of development and physical attributes were some of the factors discussed that will lead to a possible location of an eventual marina and supporting developments. From a marketing perspective, surveys were presented which outline some of the possible tar- get market areas for the develop- ment of waterfront and other tourism based projects in the Terrace Bay area. Some interest- ing numbers were presented by these findings: -11/2 million tourists travel through the area annually - 2 million tourist nights spent in the area - 19% share of the market rep- resent how many stop in the area - 105 thousand people stop in Terrace Bay - 24 thousand spend the night in Terrace Bay - The remainder just pass through town - 1.2-1.8 million dollars are spent annually in the area by tran- sient tourism - 47% tourist base from the United States, 20% from Minnesota - 23% of Canadian travelers in area are from Manitoba. The objective of the research is " To prepare a comprehensive waterfront study which will examine possible avenues of development of the Terrace Bay water areas... and compromise of a conceptual plan of economic feasibility assessment and imple- mentation strategies." What this entails is a four stage analysis of how to review the assessment of the area. This was Phase One: A pre- sentation of preliminary data. Phase Two will be a focus on opportunities with one or more locations being fully analyzed in respect to cost. Phase Three will focus on con- tacts and investors, promotion, cooperative involvement and - opportunities for funding. Phase Four will be the action plan and is a detailed implemen- tation strategy to be' presented in the fall of this year. Other projects of this nature have taken over two years to implement and many variable factors are present which cause time constraints. These are fund- ing acquisition negotiation restraints, feasibility restraints and physical restraints to name a few. The possibility of other communities such as Marathon bidding for a comparable devel- opment may be a factor which will affect the final decision of -- whether or not the project is com- pleted in Terrace Bay. From a practical and economic point-of-view, the developing agencies must consider what is the best possible location for such an endeavor. Pressure and enthu- siasm from prospective market areas may have a direct effect on the decision making mechanisms which will determine the inevitable location of a complete waterfront development. In attendence at the Terrace Bay presentation was about 0.6% of the population. ; Development of a waterfront project in Terrace Bay will pro- duce 30 person years of employ- ment and millions of dollars in revenue. Much (the most part of the project) will be funded by various government agencies and private entrepreneurial invest- ment. The Terrace Bay tax base will be minimally affected. The increased revenue will diversify the economic base and produce various opportunities for the future of Terrace Bay. The studies will be funded 75% by Northern Development and Mincs and 25% by The Corporation of the Township 'of Terrace Bay. Photo By Paul Marcon She's my Little Deuce Coup Not quite, but with the arrival of summer, you may have noticed this little bug around. Shown at the wheel is 17 year old Trevor Wilson of Terrace - Bay. The dune buggy was built by his dad Ken from various odds & ends of Volkswagons. Building dune buggies has become his hobby & Ken says, It keeps me busy, they require little maintenance, they're good on gas and they can manoeuvre into places trucks can't go." So if you see someone eyeing up a Volkswagon Beetle, chances are it's Ken Wilson Employment Centre for Students Grand Opening Attending opening ceremonies and assisting Reeve George Ramsey are (L-R) Mike Spadoni, Reeve Ramsey, Dean Main, & Gary Callaghan. Johann encourages everyone to come in and visit. There may be a job for you or perhaps you have a job for someone else. Celebrate the Rossport Fish Derby July 8,9,10 For further details see pages 5 & 12 Good Luck To Everyone! Next week: Our pictures and stories for local Canada Day Celebrations.