Island development concerns

The future of the island’s two regional development corporations is uncertain after the province announced it will take steps to assume total control of the organizations.

A government-commissioned review of the Charlottetown Area Development Corporation and Summerside Regional Development Corporation recommends a renewed mandate with clear goals of economic growth.

Premier Wade MacLauchlan says that  “as a result of this review, provincial officials will explore a process to have the shares of SRDC and CRDC consolidated under provincial ownership.