Scott Property will contribute a net community benefit in the following ways:
Local and Regional Value
Aggregate is a scarce, non-renewable resource found in specific locations. Calgary and Rocky View County have local, high-quality supplies of gravel, but they are depleting and large deposits for future supply are limited.
Demand for aggregate is directly related to population, meaning the higher the population, the higher the demand for aggregate. The Calgary Metropolitan Region Board (CMRB) has recently updated regional population forecasts and results show that the population is expected to reach 3 million by the year 2076, almost doubling the current population over 58 years. Recent studies have shown that annual aggregate demand varies from around 10 – 15 tonnes per capita / year within the Calgary Metropolitan Region, meaning:
Estimated annual demand (2019) as much as
22 million
TONNES PER YEAR
Forecast estimated annual demand (2076) as much as
45 million
TONNES PER YEAR
Total estimated cumulative demand over next 58 years is
850 million
TONNES
It is estimated that the existing approved supply of aggregates within the Calgary Metropolitan Region will be depleted within 15 years, meaning new near-market aggregate supplies are important.
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