Central Elgin and St. Thomas agree on a $80M land compensation deal for a new Volkswagen EV battery plant.
Central Elgin, Ontario, and the City of St. Thomas agreed on a $80M deal to compensate Central Elgin for land lost to St. Thomas for a new Volkswagen electric vehicle battery plant. The agreement includes $15M from St. Thomas, with two-thirds upfront, access to wastewater services, and potential development of surplus provincial land for housing. The deal aims to expand Central Elgin's tax base and support economic growth.
April 19, 2024
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