- to reduce the time we spend driving to other communities to shop.
- to keep our retail spending dollars in Maple Ridge, while being able to shop at our favourite stores.
- to reduce the amount of fuel consumption and exhaust pollution caused by driving outside Maple Ridge to shop.
- to increase Maple Ridge’s commercial property tax base in order to reduce the burden on residential tax payers.
- to create employment opportunities in our community.
- to live in a complete community, where we can work, live, play and shop.
There is currently a significant outflow of retail spending dollars from Maple Ridge as residents go to neighboring communities of Pitt Meadows, Port Coquitlam, Mission, etc for their shopping needs.
Both the Golden Ears Bridge and Pitt River Bridge improvements are large economic catalysts for the District. However if sufficient lands are not provided for commercial development, the improved transportation infrastructure will only serve to enlarge the outflow of retail dollars.
The Albion flats is a tremendous opportunity for Maple Ridge as the area has the ability to provide a wide range of potential uses, including shopping.
The following are estimates of what a retail development in the Albion could contribute to Maple Ridge financially:
- an investment of approximately $140 million into the Maple Ridge economy
- more than $4 million in annual property taxes
- over 1600 permanent jobs as well as up to 400 construction jobs
- contribution to the creation of a vibrant, complete and sustainable local economy
- increase local employment opportunities for Maple Ridge residents
- increasing the commercial property tax base, which would reduce the residential property tax burden