Prince Albert’s Mayor says the Prince Albert region’s current economy is a good predictor of where it will grow in the future.

Greg Dionne delivered his State of the City address on Thursday.

He says they are estimating the building permit dollar amount for 2023 at roughly $600M. The Yard site, adjacent to the new Aquatic and Arenas Recreation Project, is now 70 per cent sold which he described as a ‘wow’ and ‘congratulations’ to the local developers.

In a news release Mayor Dionne emphasized that the key component to spark commercial development in the southeast corner of the City is the New Aquatic and Arenas Project.

He said new development in the works includes the First Nations University planning to build a campus on a 5-acre site near the Alfred Jenkins Field House, they are working with the French Community on building a new French school and cultural centre in Prince Albert; construction of the new tower at the Victoria Hospital will start construction this spring, 2023; the hotel development in The Yard is well under construction and the Mayor says Prince Alber has two large property owners, Metis Nation of Saskatchewan and Peter Ballantyne Cree Nation, which are looking to build facilities in the healthcare field close to the hospital.

Mayor Dionne also says the New Aquatic and Arenas Project is currently 11 per cent complete. The Prince Albert and District Chamber of Commerce hosted 360 members during the annual State of the City Address.