City vs. County: A tale of two municipalities
Looking at the rapid development throughout Gasoline Alley is evidence of how Red Deer County has been a major driver of growth in our region during a weak economic time. It is worth taking a few moments to commend Red Deer County and the incredible work they’ve done to grow in a fiscally responsible manner and recognize some of the decisions have led to this success.
Most Alberta rural municipalities are comprised of some combination of undeveloped crown land, agriculture, pasture, and perhaps some industrial space. Within just a few short years Red Deer County has transformed Gasoline Alley from a string of gas stations, fast food chains, and hotels to a hub of residential, commercial, and industrial activity which all complements some of the most productive farmland in the world.
As with the City, the County has an immediate draw area of around 400,000 people with access to nearly 4 million within a 2 hour drive. But it is what is unique about the County that has driven substantial growth especially in contrast to what we’ve seen within City limits recently. As the County develops and sells new land, the City is laden with significant commercial and industrial vacancy rates with plenty of unsold lots.
In discussion with businesses that have chosen to build or relocate in the County, there are two main reasons that come up, the ease and cost of doing business. In the realm of cost-benefit analysis, there are none more capable than accountants and accountants are choosing to relocate in Gasoline Alley en masse. Might even be worth considering renaming the area to Accountant’s Alley.