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Plateau II recommended

By NUNATSIAQ NEWS

Iqaluit’s engineering and planning committee of the whole voted to recommend to council to move ahead with phase two of the Plateau subdivision during the 2006 construction season.

That plan would see another 45 to 50 lots added to the city’s newest subdivision, at a cost of about $4 million.

That money comes from the city’s development fund, a pot of money that’s separate from the rest of the city’s finances. The fund is refilled when residents buy property or pay down their leases.

When lots from the first phase of the Plateau went up for sale through a ballot draw this April, they sold out immediately. Clarissa Lo from the city’s lands department anticipates they won’t have trouble selling more.

“There’s a demand out there,” she said.

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