For 44 years, CVS Controls has called Edmonton home — but now the company is looking to relocate — not just to a bigger space, but outside of Alberta’s capital.
“Our goal was to try to bring CVS under one roof. Operating under both locations posed many challenges, so we started looking,” CEO Melanie Kurtz-Gibson told CTV News Edmonton.
The company was looking for space in the south of the city, but Kurtz-Gibson said better alternatives were found in Nisku.
“It had a lot of benefits. One being the taxes. I mean, I think the taxes were about half the rate of what we pay for Edmonton municipal taxes, and the property taxes were a lot less as well. dear,” she explained.
A man who works at a local industrial lease points to 41st Avenue Southwest as an important boundary line. This is what separates the county of Leduc from the city of Edmonton.
“If we put a $5,000,000 building on the north side of this road and one on the south side, the one on the north side of the road would pay $120,000 in property taxes and the one on the south would pay about $50,000,” said David Saint-Cyr with Avison Young.
This company has found that the demand for industrial space in Edmonton continues to grow at a high rate. But the city competes with neighboring municipalities like Nisku, which offer larger properties and a better bottom line.
“Due to the reduced availability of space in the city proper and the lower cost base for land outside of the city, it is more attractive for groups to move out of town” , said St. Cyr.
Accessibility to the airport and other distribution centers could also attract customers to Nisku.
“The completion of these area highways, which allows for a freer flow of goods, and those kinds of connections in what makes these surrounding municipalities more appealing,” St. Cyr explained.
CVS Controls has not decided when it will make the move official.
With files from Alison MacKinnon of CTV News Edmonton