At the present time, there are three major industrial
parks within CBRM: Sydport; Cossitt Heights; and Northside, each
is shown on Figure
5.1. There is also a small industrial park in the Glace Bay
area. The following paragraphs provide a summary of each park.
Sydport Industrial Park. The Sydport
facility is located directly opposite the harbour mouth from the
SYSCO lands. Originally built as a military complex for the Navy,
the site was converted to an industrial park by DEVCO in 1969. Sydport
incorporates 600 acres of land, of which 240 have been serviced.
Of the three existing industrial parks in CBRM, Sydport is the only
one that has ocean access.
The wharf at Sydport consists of a main jetty, an inner quay and
an outer quay that comprise 4,180 feet (1274 m) of berthing space.
Water depths range from 20 to 38 feet (6.1 - 11 m) at low tide.
The park is fully serviced with road, power and with nearly half
serviced with sewer and water. In 1999, Enterprise Cape Breton Corporation
(ECBC), sold Sydport to Laurentian Energy Group. Under the terms
of the purchase and sale agreement, ECBC provided a mortgage for
the purchase of the property, which will be forgiven within three
years as new businesses locate to the facility and jobs are created.
Laurentian’s strategy with the property is to target it as
a fabrication facility for the offshore; however, as of the date
of this report, there has not been a large amount of economic activity
in the Park. Serviced land is for sale at Sydport in the $25,000
to $32,500 per acre range.
Northside Industrial Park. The Northside
Industrial Park straddles the former towns of North Sydney and Sydney
Mines. It was built in the early 1980’s by a joint industrial
commission comprised of these two communities with financial assistance
of the Province of Nova Scotia.
The park includes 470 acres of land, with almost half of this land
serviced with roads, sewer and water. The Park has direct access
to a 100 series highway, but no access to the harbour. Land sales
boomed in the Northside park during the 1980’s in response
to a government tax credit program, which induced a number of companies
to move into the area. Large existing tenants include: Tesma International;
East Coast Rope Ltd.. In general this park has a reputation for
providing high quality manufacturing jobs. Serviced land is listed
at $15,000 to $20,000 per acre.
Cossitt Heights Industrial Park.
The Cossitt Heights Industrial Park is located in the former City
of Sydney, just inside Highway 125 between the Ashby neighborhood
and Welton Street. Cossitt Heights is a relatively small industrial
park (120 acres) that built on a number of existing distribution
businesses located on Upper Prince Street (Westburne, Harris and
Roome, the Sears Distribution Centre, Sparkling Springs, etc). Of
this total, just over 80 acres of land was serviced with road, water
The industrial park master plan called for the construction of a
new interchange from Highway 125, which was never built. The estimated
cost of this improvement ($4 million) is more than twice the market
value of the land available for sale 82 acres @ $25,000 per acre
equals $2.0 million), making its future construction unlikely. Although
several lots have been sold at Cossitt Heights recently, the vast
majority of this land remains serviced yet unsold.
Glace Bay Industrial Park. There
is also a small industrial park in the former Town of Glace Bay.
To date there has been very little development. The Glace Bay park
does not play a significant role in any on-going economic development
activity within the CBRM.