Agreement Reached with Le Groupe Village Vacances ValCartier



    LIMOGES, ON, June 6 /CNW Telbec/ - The United Counties Council of
Prescott-Russell today announces that it has accepted the offer from the
Village Vacances Valcartier promoter for the purchase of land in Limoges for
the purpose of building a major aquatic park. The parties agreed to the
conditions of the offer following discussions that were spread over several
months.
    "The Council is excited and we look forward to the arrival of Le Groupe
Village Vacances Valcartier and its major project to build an aquatic park and
a camping site on a 460 acre area, a true structuring project for Eastern
Ontario" said Jean-Yves Lalonde, Chairman of the United Counties Council.
"Needless to say, it will create significant economic impact and provide
visibility to Prescott-Russell. The Council has taken a number of important
steps to ensure its successful implementation".
    Construction, for which investment during the first phase for its opening
is estimated at $30 million and at almost $50 million over a 10-year period,
including $8 million in infrastructure costs, will result in major economic
benefits for the region with the creation of over 550 full-time seasonal jobs
and will add value to the tourism formula of the greater National Capital
region with this new recreational component. A survey ordered by the United
Counties Council estimated the regional economic benefits of this project to
be more than $750 million over the first ten years alone.
    "We are delighted with the role that our municipality will play in
developing this project" said Richard Legault, Municipal Councillor and
spokesman for The Nation Municipality. "Village Vacances Valcartier has an
outstanding reputation as an experienced company that has been in business for
over 43 years, having proved itself when it comes to contributing to
recreational-tourism development in the province of Quebec".
    "It is with great pleasure that Village Vacances Valcartier continues to
move forward with this project, which is an important step for our company and
for the Eastern Ontario region. We feel that we can provide the community with
a regional economic development engine and a corporate commitment that will
meet its expectations. However, the different levels of government will have
to take an interest in it by concretely supporting this major structuring
project that will benefit governments for decades to come" said Mr. Guy
Drouin, President of Village Vacances Valcartier.
    The project is indeed conditional upon the financial participation of the
Government of Ontario and the Federal Government, mainly with regard to the
investment in infrastructure costs required for the area chosen. News
concerning that participation is expected by the end of June, 2007. If that
participation is confirmed and the conditions are well respected in the near
future, Le Groupe Village Vacances Valcartier will welcome its first visitors
at the start of the 2009 season.
    Public consultations would therefore be planned as part of the usual
zoning change and modification process of the official plan, given that such
changes are necessary. In actual fact, the agreement is also conditional upon
those changes being duly made and approved by the proper authorities.

    The Corporation of the United Counties of Prescott-Russell is a regional
government that administers programs providing services to its 83,000
residents. Prescott-Russell consists of eight municipalities and is spread
over 2,002 sq. km. Economic development is a priority and strongly reflects
the United Counties of Prescott-Russell motto: Moving towards prosperity.

    The Nation Municipality is home to just over 11,000 residents over a
661 square kilometre area of Eastern Ontario. The Nation is well located near
major centres: the Quebec border is a 20 minute ride to the east, the City of
Cornwall and the U.S. border are about 35 minutes away to the south, and
downtown Ottawa, the Canadian capital, is about 20 minutes away to the west.




For further information:

For further information: or to request an interview: Lisa Brazeau, (613)
863-0667

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PRESCOTT RUSSELL

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