The five-year moratorium on new development north of the TransCanada Highway and the unfinished Spencer Interchange is history. On Monday, December 20, city council scrapped policies that were intended to halt new residential construction until the interchange is finished. Increasing traffic congestion on Millstream Road was the reason for imposing the moratorium in 2005.
Even if rezoning applications start rolling in now,1 high-density property developments wouldn’t start adding cars to the congestion for two or three years,2 [Mayor Stew] Young surmised, buying the City time to build a pool of money,3 while securing grants from senior governments.4 Young expects to raise $4 or $5 million from amenity fees in the next two or three years.5“We figure we have at least two and a half years before feeling the impact of lifting the moratorium,"6 Young said. “Once a plan is in place, we can move forward and apply for (federal and provincial) grants.”7