Dear Cobourg Residents,
I am thrilled to share some exciting news that marks a new chapter for our vibrant community!
As of November 29, 2024, the sale of the Brookside Property at 390 King Street East has officially closed, and it has been purchased by Terraco Development Inc., based in Toronto.
As this will be the first time Cobourg has worked with Terraco Development, I look forward to hearing how their investment will lead to innovative and sustainable development in our town.
The completion of this sale not only reduces costs for provincial taxpayers but also opens the door for economic growth and a more diverse tax base for our community.
As Terraco takes the reins, I ask that the public give them opportunity and time to present their plans prior to passing judgment or demanding action from Council.
As no one can anticipate their plans for future use of the property, I, along with many interested Cobourg residents, look forward to Terraco and Cobourg staff navigating the legal and provincially prescribed development process.
I would also like to take a moment to acknowledge the individuals who were illegally encamped on the property. While we understand that the new Transition House accommodation is not yet operational, at present both a new warming room operating at 310 and 10 chapel street remain open.
To the people who are emailing, calling and worried about the mess; I have been in direct communication with the developers and they have assured me personally that once their new fence goes up they will immediately begin with clean up efforts of the property.
As we move forward, let us give Terraco Development an opportunity to share their vision. I look forward to a bright future for Cobourg filled with growth, opportunity, and a strengthened sense of community.
Thank you for your continued support and engagement. Stay tuned for more updates especially around the heritage preservation conversation that is currently occurring in our community.
Warm regards
Author: Pete Fisher
Has been a photojournalist for over 30-years and have been honoured to win numerous awards for photography and writing over the years. Best selling author for the book Highway of Heroes - True Patriot Love
