Business View Magazine | March 2019

201 communities have, where a new development would happen on the outskirts and diminish the historic downtown.” Indeed, two new downtown developments have repurposed a pair of old industrial sites. A previous Domtar creosote treatment plant located in the community core left vacant land that was considered a contaminated brown- field. The Town worked with the provincial government to develop a community revi- talization area and redirected all incremen- tal property taxes to community amenities. Through this redevelopment, it attracted a number of new businesses to the Quarry, while protecting the historic downtown. Furthering this central redevelopment is the recent approval of the new Greystone subdivi- sion, which will be located in an area previ- ously designated as a gravel pit. This centrally- located 140-acre development will include residential and mixed-use development, in- cluding commercial and light industrial oppor- tunities, diverse home choices, a community plaza, a pond, a recreational park, walking and cycling paths connected to the river pathway WHAT: A town of 28,000 WHERE: Northwest of Calgary WEBSITE: www.cochrane.ca AT A GLANCE COCHRANE, ALBERTA