City of Lethbridge to sell portion of 43 St. S to developer for $867,000
LETHBRIDGE – It’s been a point of contention for many residents who live along the 43 St. S corridor south of Hwy 4 – the closure of the busy thoroughfare, so a buffer can be created between the new southeast-side elementary school, and residential areas.
At Monday’s meeting, Council voted to sell the portion of 43 St. S from Hwy 4 (24 Ave S) to the Gateway Mews South area.
The sale, to 1707588 Alberta Ltd for $887,000 ($50,000 per acre), is expected to be completed by May 28, 2018. The area covers about 17,34 acres or 7.018 ha.
According to council documents, the developer will be responsible for all costs associated with the road closure, legal survey, plan preparation, land titles registration and consolidation.