Woodfibre LNG rents out Squamish building for future workers

The Sirocco Development under construction in Squamish, B.C. Image: Jennifer Thuncher/Squamish Chief

Woodfibre LNG has confirmed it has secured housing for its workers in one of three buildings currently under construction in downtown Squamish, B.C.

“Woodfibre LNG recently became aware of an opportunity to lease one of the buildings in the Sirocco development that was nearing completion and therefore would be available for site staff and their families," Rebecca Scott, director of communications for Woodfibre, told the Squamish Chief.

The Sirocco development's three six-storey buildings will ultimately include 138 rental apartments and commercial space. Once completed, the development will also have 27 float homes and four floating commercial units.

The Woodfibre LNG project is leasing one building.

"Recognizing that rental vacancy rates in Squamish are amongst the lowest in the province, we are very aware of our potential impact on housing availability for Squamish residents. The lease allows us to provide some accommodation options that won’t remove any existing rental capacity from the market,” Scott said.

“While we can’t avoid all impacts, we can aim to make them the least disruptive possible. Leasing a portion of the Sirocco development is in our view the best opportunity toward that goal for the Squamish community.”

The $1.8-billion Woodfibre LNG project is expected to reach a final investment decision this summer.

— Adapted from the Squamish Chief

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