BCBusiness

June 2014 The Craft Beer Revolution

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/309075

Contents of this Issue

Navigation

Page 38 of 83

bcbUsiNEss.cA JUNE 2014 BCBusiness 39 with a handful of town councillors, to seek divine intervention. "We'd get together one Saturday a month and have a prayer meeting and pray for the re-establishment of Kitimat," says Monaghan. "Then the Prayer Canada group, which met once a week, started praying for us, too." F or most of Kitimat's history, the success of the town has been inexorably linked to the success of its dominant employer. The Aluminum Company of Canada, renamed Alcan in 2001, built a town- site at the head of Kitimat Arm for their new smelter in 1953, with the residential area, anchored by a town centre, built on the eastern shores of the Kitimat River and the smelter and associated industrial businesses on its western shores. The location was highly stra- tegic for industry: flat land, significant sand and gravel resources, a sheltered deepwater harbour and secure hydro- power (Alcan gets its power from the com- pany-owned Kemano Hydro power station, 75 kilometres southeast of Kitimat). The original projec- tions were for a town of 35,000 to 50,000 people, and in those early days, planners pre- dicted that Kitimat might become B.C.'s third-largest city. But changing circumstances—technological (increased automation) and economic (rationalization within a global indus- try; Alcan was bought by London-based Rio Tinto Group in 2007)—dramatically reduced that target. After a peak of 14,500 residents in 1981, the town had been in gradual decline for almost three decades when Joanne Monaghan took office. At its lowest ebb, Kitimat had a population of under 9,000 people (and falling), a vacancy rate of over 45 per cent (and rising) and two major employers (Meth- anex and Eurocan) hav- ing recently left Dodge. Divine intervention or not, the town has since seen a surge of economic activity: a $3.3-billion rev italization project at the Alcan smelter, three proposed LNG terminals includ- ing projects backed by global energy giants Chevron and Shell, a potential pipeline from Enbridge in the contro- versial Northern Gateway project and an oil refinery proposal from Victoria businessman David Black. As a result, Kitimat is experiencing the kind of growth it hasn't seen since its inception. The permanent popula- tion is over 10,000 for the first time in a decade, with vacancy rates below one per cent on rental accommodations and growing pains Mayor Joanne Monaghan; Haisla Bridge connects east and west Kitimat; even kids get a stunning view; developers can't keep up with demand. p36-49-Kitimat_june.indd 39 2014-05-01 1:30 PM

Articles in this issue

Links on this page

Archives of this issue

view archives of BCBusiness - June 2014 The Craft Beer Revolution