Calgary Farmers' Market lease won't be renewed at Currie Barracks



    CALGARY, Oct. 28 /CNW/ - Canada Lands Company CLC Limited (CLC) today
announced that it will not renew the lease it has with the Calgary Farmers'
Market (CFM) at Currie Barracks, due to expire in October 2009.
    Currie Barracks, a LEED Gold certified neighbourhood development, will be
created using the best in green, sustainable practices; practices that are
friendly to the environment, and will provide Calgarians with a community
designed specifically to make efficient use of natural elements and building
materials. The vision for Currie Barracks creates a blueprint for a dynamic
community where residents can live, learn, work and play.
    The company's plans for the site have been approved by Calgary City
Council. Having a large-scale public market that requires significant
infrastructure to support it does not meet CLC's criteria of a complete and
sustainable community.
    While CLC undertook its planning and development work, and focused on
other parts of the property, it made space available on the site on a
pre-determined, short term basis to a variety of local businesses, including
the CFM. Each tenant is aware of the company's interim use plan and the fact
that all leases will expire.
    CLC understands that the CFM is appreciated by many people who come and
enjoy the variety of vendors on weekends; the company has offered its
assistance to the CFM to help find a new venue from which to operate in
Calgary.
    "We recognize that the farmers' market is very important to many
Calgarians, and we want it to continue to flourish. Currie Barracks is simply
not the appropriate venue; the market does not meet the established criteria
that earned Currie Barracks LEED Gold environmental certification", said Doug
Kester, Vice President, Real Estate, Western Region for CLC.
    Currie Barracks, CLC's newest project in Calgary, Alberta is the last of
three sites to be redeveloped on this former Canadian military base. It will
join the multi-award winning communities of Garrison Woods and Garrison Green.

    CLC is a federal Crown corporation that optimizes the financial and
community value obtained from surplus strategic properties no longer required
by the Government of Canada. The company is self-financing and implements
innovative, sustainable property solutions to create strong and competitive
communities wherever it operates.




For further information:

For further information: Gordon McIvor, Vice President, Strategic
Acquisitions, Public and Government Affairs, Canada Lands Company CLC Limited,
(416) 952-6111 or gmcivor@clc.ca

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