Urban construction is set to get a new lease of life after an unprecedented $1.5 billion investment.
Ottawa’s $1 billion redevelopment of the site of a former steel plant will start next year.
City officials say the project will add 1,200 jobs and create a new generation of jobs for people like Jim and Linda Coughlan.
Jim said the company that will operate the building will also be a major employer.
The $1 million in investments will help fund the construction of the $6 billion LNG plant at the terminal.
It is the first major development of the terminal, which opened in May 2018, and will be the largest of its kind in Canada.
The $6.7 billion terminal is set for completion by 2021.
The Coughlins have been living in an apartment at the airport since they moved in earlier this year.
Jim said he was surprised when the city said the new lease would not apply to the apartment.
“The city said they were not going to apply this new lease,” he said.
“I’m glad that the city has said it is a new project, but I still don’t know what it is going to look like.”
Jim said they have been told the LNG project will be done by the end of 2021, which means the new leases will end on April 20, 2021.
“We’re getting a lot of new people moving into our community, which is good,” he added.
“It’s going to help out a lot in terms of employment.”
The city’s decision to extend the lease came as part of a major overhaul of the airport’s management structure.
It was approved in January 2018, but was only put in place to allow the city to keep the airport operating at a higher standard.