April 2014
| Business World Magazine | 145
Friday Harbour, a sprawling $1.5 billion
project on the shores of Lake Simcoe, will
bring approximate 1,000 permanent resort
jobs upon completion and will generate $4.4
million in annual taxes for the town – in ad-
dition to $1.9 million in one-time building
fees.
Additionally, $56.5 million in estimat-
ed one-time development charges will be
split by the town, Simcoe County and local
school boards, and $10 million was spent
by the developer, Geranium, to expand lo-
cal sewer and water infrastructure to accom-
modate the project. The resort is expected
to generate $190 million in annual spending
and provide $30 million in annual revenue
to all levels of government.
“We’re getting the residential develop-
ment in Innisfil, and we have to get more
commercial/industrial
development,” Camp-
bell said. “As part of this
plan, we’re supposed to
get about 10,000 new
employment jobs. The
biggest headache for us
right nowis really trying
to figure out how we’re
going to get the jobs re-
lated to the growth in
population, so that people aren’t exiting the
town every day to work elsewhere.
“We want people to be able to work, live
and play locally.”
AT A GLANCE
WHO:
Town of Innisfil, Ontario
WHAT:
Home to 32,727 residents, accord-
ing to 2011 census – up 5 percent
from 2006
WHERE:
Southern Ontario, on the western
shore of Lake Simcoe and 80 kilo-
meters north of Toronto
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