CLC Begins Planning Process for Pleasantville Lands

    ST. JOHN'S, March 9 /CNW/ - Canada Lands Company (CLC) today announced
that, in close collaboration with the City of St. John's, it is about to begin
a master planning process for its Pleasantville property in the east end of
the city. The 80-acre (32-hectare) site is located in close proximity to the
downtown core and features views of the Bally Haly Golf Course to the north
and Quidi Vidi Lake to the south.
    CLC has been meeting over the past several months with City of St. John's
officials to review the planning process for the site. As part of these
preparations, CLC has hired Tract Consulting of St. John's to assist with
creating a vision and master development plan for the site.
    "In keeping with CLC's business philosophy, the planning process will
include extensive public consultations, giving the community the opportunity
to contribute to the development of the vision for this site", said Ron
Pachal, CLC General Manager, Real Estate, Atlantic. City of St. John's
officials will continue to assist CLC with development plan preparations and
will facilitate the redevelopment process. "The City of St. John's looks
forward to continuing its good working relationship with CLC in order to
create a positive and lasting landmark development for city residents", added
Mayor Andy Wells.
    Information on the master plan development process and related public
events will be announced shortly.

    CLC is a federal Crown corporation reactivated in 1995 to optimize the
financial and community value obtained from surplus properties no longer
required by the Government of Canada. The company is self-financing and
implements innovative property solutions to create strong and competitive
communities where it operates. Since its inception, it has distributed
hundreds of millions of dollars to the Government of Canada.

    /NOTE TO PHOTO EDITORS: Two photos accompanying this release are
    available on the CNW Photo Network and archived at Additional archived images are also available
    on the CNW Photo Archive website at Images are
    free to accredited members of the media/

For further information:

For further information: Gordon McIvor, Vice President, Strategic
Acquisitions, Public and Government Affairs, Canada Lands Company, (416)
952-6111 or; Ron Pachal, General Manager, Real Estate, Atlantic
Canada Lands Company, (902) 426-5045 or

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