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Town of Olds forgiving $2.9 million developer's debt in exchange for land

Summary by Western Investor
Long Sky Developments Ltd. has been unable to develop 50 to 60 acres of land surrounding Walmart needed to reimburse municipality for road and sewer infrastructure in the Cornerstone area
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Western InvestorWestern Investor

Town of Olds forgiving $2.9 million developer's debt in exchange for land

Long Sky Developments Ltd. has been unable to develop 50 to 60 acres of land surrounding Walmart needed to reimburse municipality for road and sewer infrastructure in the Cornerstone area

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Western Investor broke the news on Wednesday, May 6, 2026.
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