2018 is set to be a big year when it comes to construction here in the City of Thompson.
Councillor Penny Byer, the chair of the Development Review Committee, spoke at the last regular meeting of City Council and said there is a lot of work already done, with much more on the way.
Byer said that there are many major projects scheduled for this year, including the new McDonald’s restaurant and the reconstruction of the Interior Inn. Below is a list of the projects included in the report.
The City has eight capital projects in the works for 2018, which include the expansion of the multi-use path system along Princeton Drive and road renewal work along Station Road.
The total construction value for work done up to May 22 is just north of $8M, while the projected development investment for 2018 is sitting at over $160M. Of that, $120M is projected to come from private sector investors.
Byer said that those figures show the faith that investors have in the local economy.