First published in the Calgary Herald on Monday, October 24, 2005
Alberta municipalities need billions of dollars to pay for the costs of growth and development being spurred by the wild rush in the energy patch. High and increasing world demand for oil and gas combined with the vast potential of the Alberta Tar Sands makes this once uneconomical resource a new frontier for development and profit.
The opportunities are drawing big business and thousands of newcomers seeking employment and riches. In Alberta, the boom is centered on Calgary, as the corporate home of the oil industry and Ft. McMurray, as the city closest to the actual tar sands. And many other towns and cities in the province, particularly those located within the Calgary-Edmonton corridor are also dealing with the stresses resulting from growth.
Posts
