The 15-Acre Keith and Kenney site is currently owned by the City of Terrace and previously housed a sawmill and timber sort yard. Prior to that, it was used for agricultural purposes. The site is currently vacant and is composed of three lots totalling 6.13 hectares. The adjacent 2-hectare lot at 5004 Keith Avenue was sold by the City and will be the site of a new car dealership.

Highlights:

• Located within an industrial zone near the city centre
• Approximately 700 metres northeast of the Skeena River and directly south of the Canadian National Railway
• Lots are relatively flat with an asphalt access road crossing the site
• A subdivision concept exists for this property and interested investors are invited to contact the City to discuss further

The City received confirmation from the BC Ministry of Environment that the site is no longer classified as a contaminated site; it is thus readily available for re-development. 

The Skeena Industrial Development Park (SIDP) is a greenfield site ready for new development The City of Terrace is committed to working with interested groups to enable development. 

Highlights:

• Currently has four property owners with a significant amount of land still available for development
• Many utilities and infrastructure already in place, an asset for any additional businesses who chose to site at SIDP
• Soil is alluvial gravel, which has excellent drainage and seismic stability and is capable of withstanding heavy loading associated with a broad range of industrial developments
• Suitable for businesses that would not be suitable for available in-town commercial lots
• Other land owners may also have available lands for lease or sale and the City can provide introductions to those developers

Resources:

• SIDP Brochure
• December 2015 SIDP Update
• May 2016 Taisheng Project Update

Visit Trade and Invest BC to find other business opportunities in Terrace.

Search opportunities in Terrace

Residential or commercial-residential mixed-use re-development or new development within the following zones can benefit from a municipal tax exemption for up to 5 years:

• Central Business Commercial (C1)
• Shopping Centre Commercial (C2)
• Urban Commercial (C1-A)
• Downtown Tourism (C7)
• Medium Density Multi-Family Residential (R4)
• High Density Multi-Family Residential (R5)

Following the requirements of our Downtown Revitalization Tax Exemption Bylaw and with the proper permits, developments have the following exemptions from taxes with their corresponding investments:

New Development

Re-Development

For comprehensive detailing of the opportunity, read through the bylaw and if further clarification is needed, contact Development Services.

This program provides grant funding to local governments to create a ‘Dollars to the Door’ program that will enhance and support economic development by incentivizing private sector housing developments.

Local governments are eligible to receive a grant of up to $10,000 per dwelling created in a multi-unit market housing project to a maximum contribution of $200,000. 

The City of Terrace can apply for this funding on behalf of a developer who intends to build within the guidelines of this program, which is funded by the Northern Development Initiative Trust.