The Township of Langley could start developing its own lands for extra revenue. (Langley Advance files)

Langley Township ponders developing land assets

The Township may become its own developer to find a new revenue stream.

Langley Township may become a developer to find a new source of funding.

Langley Township is facing an increasing bill for aging infrastructure, from roads to rail crossings to rec centres.

At a budget planning meeting on Nov. 20, Township staff suggested the local government develop some of its land assets.

Township administrator Mark Bakken said they are considering a “society model” in which the Township has more direct influence over the type of projects built, compared to a more arms length model used by Surrey or other communities.

That would mean that projects could address social needs as well as generating revenue. They could create seniors or low income housing, for example.

There are a few sites owned by the Township that could be used for such a development.

The Aldergrove ice arena is to be replaced with a new civic centre, and the land could be redeveloped.

However, some Township-owned land is in rural areas and isn’t suitable for development.

Bakken said the idea isn’t for the money generated to go straight into general revenue.

“Our preference would be to come up with a specific linkage,” Bakken said.

For example, a project in Brookswood could have its revenue dedicated to upgrading the George Preston Recreation Centre. A project in Aldergrove could be tied to projects there.

A plan will be brought to the Township council in mid to late 2018, Bakken said, if council gives the go-ahead.

The plan is similar to a plan for a “land bank” floated under previous mayor Rick Green.

Just Posted

Giants hand Victoria their first lost of the season

Langley’s WHL team went head to head with the Royals for the second day in a row, beating them 3-2.

VIDEO: Rollover closes down Willowbrook Drive in Langley overnight

Mounties are working to find the cause of a crash early Sunday morning on the Langley-Surrey border.

Winning streak comes to end in Victoria for Langley-based Giants

G-Men fell in overtime in first of two games against the Royals on Vancouver Island this weekend.

VIDEO: Langley brothers campaign to help refugees get bikes

Program enters third year, adds homeless

VIDEO: Diwali celebrated in Langley

Muriel Arnason library marks 15th annual event

Secret supper clubs test appetite for cannabis-infused food ahead of legalization

Chefs are eagerly awaiting pot edibles to become legal in Canada

Joint inspection planned for missing journalist at Saudi Consulate

Turkish officials have said they fear a Saudi hit team killed and dismembered Washington Potst reporter Jamal Khashoggi

Sears files for bankruptcy amid plunging sales, massive debt

The company started as a mail order catalogue in the 1880s

BREAKING: Prince Harry and Meghan expecting their 1st child in spring

The announcement of the pregnancy confirms weeks of speculation from royal watchers

Students unhappy with SFU’s response after violent incident in class

Professor, students say a man threw chairs and hit a female student

Enbridge to begin building road to access pipeline explosion site in B.C.

An explosion Tuesday knocked out a 91-centimetre line

Man struck by car in Burnaby: reports

Pedestrian was taken to hospital

Andrew Scheer on revamped NAFTA deal: ‘I would have signed a better one’

Conservative leader says he wouldn’t have signed USMCA

Matheson will have NHL hearing after Canucks rookie Pettersson hit

The 19-year-old Swedish centre appeared woozy after the hit

Most Read