Interesting to see the news that Cabot Links received a $8.25-million loan from the provincial government to complete work on new hotel rooms and the second course, Cabot Cliffs:
The government announced Sunday it will loan $8.25 million to Cabot Links for the project.
Economic and Rural Development and Tourism Minister Graham Steele said the undertaking will help create community jobs during construction and after completion, and there will be spinoffs as a result of visitors to the course.
The new course, to be known as Cabot Cliffs, will generate seven full-time jobs and 60 part-time ones after opening in 2015.
But don’t think the new course will get a free pass because of the loan. Cabot Cliffs, north of Cabot Links, has some spectacular land including dunes along the ocean that have to pass approvals. The government says that process is ongoing:
The loan, which the province said is interest-bearing and fully repayable in 15 years, will only be offered after all regulatory requirements, including ones related to environmental assessments, are met.
“Although we’re providing financial support, that doesn’t mean Cabot Links gets a free pass in terms of regulatory approvals,” Steele said Sunday night.
“Whenever you’re doing something like a golf course, there are rules and regulations around such things as watercourses and natural resources.”
Cabot Links did “a really respectful job with the local environment in establishing the existing course, and we’re confident they will do the same with the expansion,” he said.
One thing that surprised me is the price put on the resort — wonder what this figure includes?
The money will help the Cape Breton golf resort, recently named Canada’s top-rated course, complete the $14-million project, already underway.