Financially troubled Lacombe development sold

The City of Lacombe has reported that a financially troubled residential, commercial and industrial development there has been sold.

The City of Lacombe has reported that a financially troubled residential, commercial and industrial development there has been sold.

A release issued by the city said that it’s been informed that an Alberta Court of Queen’s Bench judge approved the sale of the Wolf Creek Crossing lands on Monday.

It said the court order, which is conditional, specified a closing date of May 13.

“We welcome this announcement cautiously but optimistically, as retail development is a top priority for Lacombe,” said Mayor Steve Christie in the release.

Edmonton developer Richview Developments Inc. announced in 2011 that it planned to develop 156 acres in southeast Lacombe as Wolf Creek Crossing. Its proposal included 50 acres of residential property, 40 to 50 acres of commercial development and a 20- to 25-acre industrial area.

Two months ago, the city revealed that the land had been ordered sold due to a mortgage default. It said at that time that permits had been issued for development to proceed, and an outline plan for the subdivision approved.

The city said the buyer for the property was identified as Canada 1 Corporation.

A search of Corporate Registry records indicated that Canada 1 Corporation is based in Edmonton, with its only listed director and voting shareholder Tanya Nadine McCrary-Singh, of Edmonton.

Just Posted

Eager-beaver cannabis entrepreneurs already waiting outside Red Deer City Hall

Appications will be accepted on a first-come basis starting on Tuesday

Like father like son: Red Deer area Dreeshen family dedicates life to public service

There are three jobs that could be considered the Dreeshen family business:… Continue reading

Restaurant owner concerned about Gasoline Alley road changes

Nearly 20 trucks were lined up on the service road in front… Continue reading

Preliminary hearings set for two men charged in weapons and drugs bust

A Red Deer man and Sylvan Lake man are facing 80 charges

Eight dogs found in Innisfail hotel room were kept in cages

Eight dogs, kept in cages in a small hotel room in Innisfail… Continue reading

WATCH: Hypnotizing show at Westerner Days

Hynotist and mentalist Joshua Seth performs three times a day at Westerner Days

PHOTOS: River Town Saints rock Red Deer

River Town Saints play Westerner Days Friday in Red Deer

PHOTOS: Dogs, horses and more animals at Westerner Days

Westerner Park’s pavilions were filled with animals during Westerner Days

Red Deer residents can’t get enough mini-doughnuts

Mini-doughnuts were the biggest draw to Westerner Days according to a Red… Continue reading

Four-car crash, including RCMP vehicle, on Highway 2

Two sheriff vehicles were also involved in the collision

Divers hunt for 4 after Missouri duck boat sinks, killing 13

BRANSON, Mo. — Divers are searching Friday for four people still missing… Continue reading

WATCH: Red Deer’s noxious weeds are a goat’s dietary delight

Piper Creek Community Garden gets chemical-free weed control

‘Amazing Race Canada’ competitors face B.C. challenge

They drove Corvettes, mastered falconry basics, and ate blueberry pie in the Cowichan Valley

From hot to not? The Baloney Meter weighs in on Scheer’s economy claims

OTTAWA — “Justin Trudeau inherited a booming economy, but he’s squandering it.… Continue reading

Most Read

Five-day delivery plus unlimited digital access for $185 for 260 issues (must live in delivery area to qualify) Unlimited Digital Access 99 cents for the first four weeks and then only $15 per month Five-day delivery plus unlimited digital access for $15 a month