Generating no tax revenue for Port Colborne, the industrial land near Nickel Beach was declared surplus by city council.

Allied Marine abuts the land on the northeast side and Transport Canada lands, managed by the Hamilton Oshawa Port Authority, are on the south side of the property.

At 69 Lake Rd., the city would keep the Nickel Beach parking area and some property to the south for possible future parking expansion.

“City departments have no plans for the property and do not foresee any future use for this parcel,” said a staff report at Tuesday’s council meeting.

The report said the land could be used to facilitate new industrial development in the area and attract new employment opportunities.

Any sale or lease agreement would come before city council.

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