This Business area is primarily for professional office style development. Similar in design to Quarry Park in Calgary. Three story, glass office buildings. Allowing Chestermere to offer office plans and layouts to all types of businesses. For Companies, lawyers, engineers, planners, etc. A product Chestermere is currently lacking. This will be located in Clearwater, in Chestermere and beside the Clearwater Medical Campus. Our Council was focused on negotiating with the Developer to ensure this Business District would become a reality.
Financial Benefits to residents - The Clearwater Business District would bring approx. $1 Billion of commercial value to the City's tax base, translating to $7,500,000 commercial tax annuity every year.
Meaning this part of this project alone would equate to almost 50% of the residential taxation Chestermere receives currently. These types of decisions by our council to push for Commercial office development will have a long term positive effect on funding the City's tax needs, freeing up significant capital for resident focused projects, such as recreation. Providing a major foundation pillar to build Chestermere from. Additionally, bringing more quality businesses to Chestermere to support our Community, not for profits and Chamber of Commerce.