Sept. 20, 2010

Strathcona UpdateStrathcona Update

Agenda

Who we are

Where we work

Recent Projects

New Projects 2010

NE Anthony Henday Plans County Roads

Alberta Industrial Heartland Updates

By the Numbers:

Population Growth 09

• Sherwood Park 61,660

• Rural Strathcona 26,338

• Total census 87,998

• Sherwood Park 3.8%

• Rural Strathcona 0.9%

• Total 2.9%

• Since 2006 6.7%

• Since 2001 22.2%

Stats Canada 2006

• Median age 37.8

• Median family income $102,004

• Average family income $109,770

• 55.3% some post secondary education

• Average house price August 2010 MLS $389,760*

Source: Edmonton Real Estate Board

Average Household Income Capital Region

Change in Population Capital Region

University Degree Capital Region

Who are we?

Who are we?

Who are we?

Who are we?

Where do we work?

Where do we work?

Stony Plain

Spruce Grove

Parkland County

4,370Total 2006 Workforce

47,515

21,245

9,180

Beaumont, Leduc, Leduc County, Devon, Millet, Wetaskiwin

Fort Saskatchewan, Redwater, Gibbons, St. Albert, Sturgeon County, Morinville, Legal

City of EdmontonStrathcona County

12,285 live & work

1,465130

715570

1,735

525

Workforce Exchange

Total 2006 Local Jobs

31,365

050,000

100,000150,000200,000250,000300,000350,000400,000450,000500,000550,000600,000650,000700,000750,000800,000850,000

2005 2006 2007 2008 2009

Valu

e in

Mill

ions

Ind/CommResidential

Strathcona County Building Permits Issued to December 2009

$380.7

$841.0

$428.5

$290 $338.1

050,000

100,000150,000200,000250,000300,000350,000400,000450,000500,000550,000600,000650,000700,000750,000800,000

2006 2007 2008 2009 2010

Valu

e in

Mill

ions

Ind/CommResidential

Strathcona County Building Permits Issued to August

$758.7

$286.5

$208.3$227.9 $271.0

Building Permits Issued Aug -2010

Residential building permits $145,505,211

Industrial/commercial New Buildings

$125,059,03890

Single detached dwelling 359

Mobile homesSemi Detached

878

Rowhousing 49

Apartments 0

Total construction $271,053,274

Strathcona Indicators

Residential Housing MLS

Commercial/Industrial Real Estate – Colliers 2nd

Quarter Report - Office vacancy up to 14.89% (One building 60,000 sq.ft.) including sublease 17.25% (Newman College space)

Industrial Vacancy 0.26%

Retail Sales - Down 2% YTD

Size of Universe

Office Space 4,025,800 sq.ft.

Multi Tenant 1,214,566 sq.ft.

Self Storage 191,800 sq.ft.

Single User 1,000,000 sq.ft.

Retail Space 1,169,212 sq.ft.

Source: Colliers Q-4 and CBR Retail Update Jan 2010

New retail growth – Shoppers Drug Mart 2, Rexall Drugs 2, Save On Foods, Servus Credit Union, RBC, Rona (2010)

Population growth - 2.9% YTY

Building Permits Issued same as last year $ volume up

Unemployment Rates – Static

Strathcona Indicators – cont’d.

455.9434.7

443.9 440.2422.4 424.1

402.6389.7

0 0 0 0220

320

420

520

$ Th

ousa

nds

J F M A M J J A S O N D

MedianAverageEdmonton

Average House Price Sherwood Park 2010

Retail Sales Alberta vs Canada

Low Retail Vacancy

Lowest Retail

Vacancy Rates in the

region (1.9%)

Source CBRE -4th quarter 2009

Retail Floor Space Per Person

(population / total square footage)

Edmonton 32.04

St. Albert 27.76

Strathcona County 13.28

1,169,212 square feet of retail space in Strathcona County

• Trans America• Salisbury Village• Emerald Hills• Sherwood Ford• Strathallen Redevelopment

• Hospital

• Centre in the Park• Community Centre• Summerwood Retail Bay

• Laurin Industrial• Synergy Wellness Centre

New Projects 2010

Strathallen Redevelopment

Bro

adm

oore

Blv

d

Baseline Road

Millennium Ridge

Salisbury Village – Phase 2

Emerald Hills Current Construction

Future Projects

Cambrian Crossing- Land Use concept

Cambrian Crossing

Emerald Hills Retail

August 2010 Pending deals

Lakeland Dr.

Sherwood Dr.

Broadmoor Blvd.

Sherwood Ford Dealership

Main Floor Plan

Current Progress

LibraryFamily Social Services Second Floor

Community CentreDesign

• Total area of main floor approx 81,000 ft2

• Approx 400 underground heated parking stalls

• Library (2 floors)• Admin Office space (2nd & 3rd Floors)• Meeting Rooms • Public Gathering & Event space• Commercial / Retail Units • Council Chambers

Components

New Council Chambers

Summerwood Retail Project – Lakeland Drive and Clover Bar Road

Save On Foods, TD Canada Trust, Shoppers Drug Mart, BMO

Latest Retail Update

First Capital Projects: Wye Road

Expansion for London Drugs, Shoppers Drug Mart, Twisted Yogurt, Dollorama, Salvatore's, K-Lee Boutique

New for 2010- Two new concept restaurants and new retail Sherwin Williams Paint

First Capital Project Wye Road

Two new restaurants: 2011

Wild Wings

Five Guys Burgers and Fries

Synergy Wellness Centre

14 doctors signed up with Medical Imaging and other opportunities

Synergy Pharmacy, Dermatology Clinic, Audiology Clinic, Dental Clinic

Strathcona Community Hospital

Construction Schedule • Grade beams start late September 2010

• Structural Steel starts late October

• Building envelope starts March 2011

• Fit-Out starts Fall 2011

• Estimated completion, turnover late 2012, projected opening 2013

Hospital is being built to achieve Leadership in Energy and Environmental Design (LEED) Silver Certification

Laurin Industrial AreaList pricing from $375,000 per acre to $525,000 per acre

NE Anthony Henday Planning

Scotford Upgrader

Projected Capacity 280,000 bpd

Current Capacity155,000 bdp – 2006

Phase 1 100,000 bpd- 2010 Future PhaseUnder ReviewPeak Construction Labor Force6000

Operating Labor (1st Phase)175+

Projected Capital$12.8 Billion including mine in Ft. McMurray

Expansion One

Shell Chemicals

Shell RefineryShell Upgrader

Construction storage

Scotford Upgrader Expansion 2Projected Capacity 400,000 Under Review

Phase 4100,000 –Phase 5100,000 –Phase 6100,000Phase 7100,000 –Two Gasifiers

Peak Construction Labor Force3800

Operating Labor(Final) 1,438Projected Capital$27 Billion

Total E&P Canada Ltd.

Projected Capacity295,000 bpd

Phase One 150,00 bpd2013/2014 subject to final approval and market conditions

Phase Two 95,000 bpdDE Bottle necking50,000 bpd

Peak Construction Labor Force4,000

Operating Labor (1st Phase)400

Projected Capital$10 billion +

ERCB Approval Sept. 2010

Other Heartland Projects:

Keyara Condensate Pipeline Enhance Energy CO2 Pipeline Shell Quest CO2 Pipeline Federal Power Combustion Unit MEG Energy Purchase of Stonefell Terminal BP/Value Creation Partnership Linear Pipeline Corridors Josephburg Aerodrome Potable Water Supply Josephurg

Approved by council over 3 years

1. Ardrossan Recreation Centre Reinvestment

2. Broadmoor Arena and Clubhouse Reinvestment

3. Millennium Place revitalization

4. Glen Allen Recreation Centre redevelopment

Ardrossan Recreation Centre Reinvestment

DRY SURFACEAddition of classrooms for preschool & childcare

DRY SURFACERepurpose existing gymnasium creating two floorsMain floor adds program space

DRY SURFACE

Youth activity centre increases opportunities for ages 8-18 years

Gymnasium capacity doubles

ICE

Leisure ice doubles in size

Conference Board of Canada Update Province by province, the board forecasts:

Alberta will grow at 3.3% in 2010 Ontario will grow at 3.8%

B.C. will grow at 2.8%

Saskatchewan's economy will power ahead at 3.5%

Manitoba growth projected at 2.2%

Quebec will grow more than 2.6%

Newfoundland and Labrador will deliver growth of 2.4%

Nova Scotia's economy will grow by 2.2%

Prince Edward Island's economy expected increase is 2.2%

New Brunswick's growth will be limited to 1.8%

For further information:

Gerry Gabinet, Manager Economic Development and Tourism gabinet@strathcona.ab.ca

or

Randy Richards, Coordinator Commercial Developmentrichards@strathcona.ab.caor

Jordan Rumhor, Coordinator Industrial Developmentrumhor@strathcona.ab.ca

“Knowledge is Power”Francis Bacon

Sources of Information:

Chamber, EDT, Corporate Planning, EEDC

RBC, Scotia Bank, ATB, CIBC, BMO, Servus

Michael Roppelt, Remax

Conference Board of Canada, CMHC, Colliers, Cushman Wakefield, Trans America, Strathcona Commercial, Corporate Planning, RPC

Lorenz Team, ERB, RPC, EEDC

Millier Dickenson Blais Inc CRB Report

Thank you for your attention!