Content area
Full Text
Vic Fedeli has been working for five years to put himself out of a job and this year he expects to succeed in doing so.
Fedeli and the Air Base Property Corp (ABPC), after a recent deal with Lemex Aviation of Montreal, are left with one vacant hangar and enough serviced property at North Bay Aerospace Centre to build another to sell.
The ABPC chairman is confident they will be able to announce a tentative deal for what remains by March.
"We will be out of land, out of money and in a position to dissolve," Fedeli says. But that may not be the end of new aerospace industries coming to North Bay.
"There are expansion possibilities," Fedeli explains. When the city took ownership of Jack Garland Airport from Transport Canada, it also acquired 1,700 acres of unserviced air side land.
"While it requires servicing, it's an absolutely fantastic opportunity for growth. We certainly hope that the city will continue...