Hamilton Port Authority (HPA) and Port Fuels have mutually agreed to allow the due diligence lease at the Pier 15 site to expire.
HPA is dealing with an acute shortage of develop-able employment land and the Port Fuels effort is taking much longer than they expected. As a result, HPA will move forward and begin to consider other options for employment uses in the Pier 15 area. We will be exploring ways to increase the value of Pier 15 as productive employment land, by removing old buildings and realigning interior rail lines and roadways to make room for new development parcels.
We still believe reducing energy costs for our tenants is a good thing. To reduce the Port’s overall energy footprint we have implemented 58 separate energy-saving projects since 2010, and last year we announced a new co-generation facility. HPA remains very interested in exploring how green energy and clean technology can contribute to a more environmentally-sustainable multimodal industrial hub.
Feedback we receive from the community and other stakeholders about all of our efforts is important and appreciated.
Larissa Fenn | email@example.com