Site Plan Presented at Public Meeting

Site Plan Presented at Public Meeting

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4 Responses to “”

  1. Laurie Says:

    Looking for updates on appointments to Upton Farm Trust. Will the Trust board be appointed or elected?

    • uptonfarm Says:

      Sorry for the delay in responding, Laurie!
      The formation of the Trust and the transfer of the land to the Trust is still in progress and details of operations will be adopted on the advice of the lawyers involved and in accordance with the MOU as work proceeds.
      Another up-date will be posted as soon as more information becomes available.
      Please note that the deadline of December 15, 2009 for completion of the Trust has been extended to February 15, 2010 due to unforeseen delays.

  2. Jane Says:

    Any information as regards this press release?

    Update, please, beyond “keep calm and carry on.”

    Province Issues Tenders to Begin Work on BioCommons Park

    CHARLOTTETOWN, PEI — The provincial government has issued tenders for the initial work on the BioCommons Park to be built at the Upton Farm property in Charlottetown, says Allan Campbell, Minister of Innovation and Advanced Learning.

    “The BioCommons Park will be a great asset as we work to build a strong Bioscience sector on Prince Edward Island,” said Minister Campbell. “The park will allow existing companies to expand and new companies to move to the province. It is an important step toward achieving the goals we set out in the Island Prosperity Strategy.”

    BioCommons Developments is issuing the tenders for companies to construct streets with concrete curbs, gutters, precast concrete manholes, a water main, a sanitary sewer and a storm sewer.

    Ads for the tenders will be appearing in local newspapers.

    Contract documents are available through CBCL Limited in Charlottetown at 135 St. Peters Road, upon payment of a $100 refundable cheque payable to BioCommons Developments Inc.

    Sealed tenders clearly marked “Tender for the Infrastructure Construction for the Prince Edward Island BioCommons Research Park, Contract 102603,” will be received at the CBCL office until 2 p.m. on Friday, June 18, 2010.

    Each tender must be accompanied by a certified cheque drawn on a Canadian chartered bank or bid bond in the amount of ten per cent of the tender price.

    For more information, contact CBCL manager Jody MacLeod by telephone at (902) 892-0303.

    BACKGROUNDER

    PEI BioCommons Research Park

    • The BioCommons will be built on 65 acres of land located on the Upton Farm property across from the West Royalty Business Park. The BioCommons will consist of bioscience research and development, manufacturing and support service facilities.

    • The heart of the BioCommons will be a state-of-the-art biotechnology incubator that will house companies and help them commercialize their products. As noted in the Island Prosperity Strategy, a key mandate of the BioCommons is to connect our primary sectors to the modern tools of biotechnology so that Prince Edward Island can further benefit from our primary resources.

    • The budget for land acquisition, site servicing, construction and start-up operations of the BioCommons is estimated to be $30 million.

    • The BioCommons will receive transitional funding to cover early stage costs and become self sufficient by year five.

    • Industry is closely involved in the planning and business plan stages for the BioCommons via a working group including board members from the PEI BioAlliance and industry.

    • By its fifth year, the BioCommons is expected to be home to 500 employees with an annual payroll exceeding $25,000,000 and generate sales (almost entirely export related) of $90,000,000 per year.

    -30-

    • uptonfarm Says:

      Hi Jane.

      All is going as planned, it’s just taking longer to get finalized. There are no changes. The Upton Farm Trust will be the ‘owner’ of the land that has been set aside as green space, and the BioCommons is proceeding as planned. We hope to have the legalities finalized soon (in the next few weeks), but right now, we are waiting for final documents. No one wants this done more than the UFPN! It’s been a long road. Thanks for your patience.

      UFPN

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