The recent news of a draft plan proposal for a new development on a vacant farmers
field off of George Street in Port Stanley is no shock to most people, and could
be the best thing that ever happened to Port, or the worst depending on what side
of the fence your sitting on.
For many years Port Stanley's growth has been restricted because of a limited capacity
water and waste water infrastructure until 2017 when a new major waste water infrastructure
upgrade became operational offering a dramatic increased capacity to service any
future development in the years to come. By making this increased waste water servicing
capacity available for future development, Port Stanley has witnessed a substantial
increase in housing development and housing prices.
The new Wastell development has draft plans for 150 single-detached homes, and 4
apartment buildings with a combined capacity for 360 apartment units, on the over
58 acre property. For those people looking for a change in lifestyle close to the
lake, it's hard to find a better selection offering both an ownership and rental
option for those people choosing Port Stanley as their future home.
For businesses looking for more customers this is like a dream come true, for once
development is completed this new growth could add over a 1,000 more possible clients.
The Municipality of Central Elgin will also benefit from additional taxes, development
charges, and services on this new development. Many existing property owners will
continue to benefit from rising real estate values.
As for the other side of the fence, popular belief that a building height restriction
is in effect in Port Stanley will slowly disappear from view once those higher buildings
start going up all over the place. Once it starts somewhere, it's hard to stop anywhere.
Speeding and traffic issues in Port will just get worse because of higher volumes
of everyday traffic in the Village, and because of the high costs involved in developing
a larger capacity road network, finding a fast and easy solution to solve these
issues will be hard to come by. They say that Patience is a good virtue to have,
maybe it's time to start taking Yoga Classes.