(BlackburnNews.com photo)(BlackburnNews.com photo)
Midwestern

Southgate's Industrial Lot Prices Questioned

A report to Southgate council suggests the price of its industrial land - which sells for $35,000 an acre - is about where it should be.

But Councillor Christine Gordon says she would like to get an expert opinion on the the value.

Southgate is near the middle in a survey of other nearby municipalities.

Wellington North and Minto sell industrial land for $15,000 an acre.  But Shelburne has private industrial land going for $90,000 an acre, and Hanover and Drayton have industrial land for $45,000 an acre.

Southgate discounts the price of some of its less desirable industrial lots.

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