A deal has been signed between the City of Welland and Empire Communities.
The Memorandum of Understanding includes a proposed development at the old John Deere site and Dain East Lands as well at the construction of the new Forks Road Bridge.
The deal also includes a new multi-use sports facility by the Welland International Flatwater Centre complete with tennis courts, a new clubhouse and more.
Mayor Frank Campion says this new partnership will help strengthen the community.
"We're pleased to welcome Empire Communities to Welland's list of successful partnerships. Empire's expertise and experience will enrich our city, and add to our road and recreational infrastructure, to benefit Welland's residents."

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