North Bay

The Town of Cobalt is set to enhance its tourism profile with some help from the Northern Ontario Heritage Fund Corporation (NOHFC). The province has agreed to chip in $1,102,520 toward the development of the Cobalt Historic Mining Camp.

By KELLY LOUISEIZE All signs point to a profitable cycle for mineral producers and Canadian Arrow Mines Ltd. in particular is fast tracking to take advantage of the mineral-frenzy market.

North Bay city council thinks it is high time to revive the idea of establishing the city as an international air cargo hub. “I think the time is now to get ourselves on the radar screen,” says Councillor Maureen Boldt.

Moody’s Investors Service has raised the City of North Bay’s debt rating to A1 from A2. The outlook is stable.

By IAN ROSS Northern Ontario Business North Bay community development leaders are anxiously waiting for the province to unveil its timetable for the four-laning completion of the lasting remaining stretch of the southern portion of Highway 11.

By IAN ROSS Northern Ontario Business A Belgian home builder could be manufacturing upscale European-style homes and building components in North Bay by mid-2005.

Construction begins next spring on a new North Bay high-tech mall development. Anchored by Photo Metro, a locally based photo and digital imaging graphics company, the proposed 18,000-square-foot strip mall on Algonquin and Gertrude is half-occupied.

By IAN ROSS Northern Ontario Business A great financing environment and an improved local economy have contributed to North Bay’s home building and housing market boom, now stretching into the third year.

The new Temiskaming Shores may not be officially a municipality yet, but those who will make up its government are already looking to the community’s future prosperity.

By IAN ROSS Northern Ontario Business At least two data storage companies are interested in North Bay’s soon-to-be-vacated underground air defence facility, known locally as the Hole.