Fundy Quay site. Image: Submitted, Develop Saint John.
The long-awaited government funding to help redevelop Fundy Quay in uptown Saint John finally arrived on Friday.
The funding will get the site ready for a proposed $300- 350-million multi-use development on the former Coast Guard site along the city’s waterfront.
The federal government will be contributing $9-million; the New Brunswick government will be contributing $6-million and the City of Saint John will also be contributing nearly $9-million to the project.
The funding will go towards necessary infrastructure work to make the site development-ready. This includes contaminated soil remediation, site re-grading and seawall refurbishments at the site, along with the redesign of Loyalist Plaza and the extension of Harbour Passage around Fundy Quay.