YEAR IN REVIEW: Cape Breton Post's top business stories of 2022 | SaltWire

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SYDNEY, N.S. — Cape Breton’s largest downtown continued its transformation in 2022. Visitors to Sydney’s downtown and waterfront area saw the ongoing ...

The skyline of downtown Sydney continues to evolve as work proceeds on Nova Scotia Community College’s new waterfront campus. The multi-year, $170-million project is expected to be completed in time for the NSCC’s 2024 fall semester. The above photograph shows the campus construction in the foreground while some of Sydney’s tallest buildings are visible to the left heading north along the waterfront. DAVID JALA/CAPE BRETON POST - David JalaSYDNEY, N.S.

“There is a really positive vibe downtown. People are talking about it. They’re excited about it. We will continue to work hard to make downtown a destination for both locals and visitors.”Wilson also acknowledged the return of the cruise ships as a huge boost to downtown and waterfront businesses dependent on tourism.

Two major green hydrogen projects were announced in 2022 with both of the initiatives looking to utilize the Strait area’s year-round, ice-free port of Point Tupper which also has facilities and sites ideal for the production, storage and export of green hydrogen and ammonia. Mine owner Kameron Collieries was subsequently approved to operate the coal mine until the end of 2029, however, the company is under stringent terms and conditions, including that it be compliant with a greenhouse gas management plan, it adhere to provincial guidelines for noise and that it respond to community questions or complaints within five business days.

Port of Sydney CEO Marlene Usher called it a “very good year.” She said the ships that visited Sydney this past season had a much higher passenger count than expected with ships averaging about at 80 per cent capacity, up from the anticipated 65 per cent level. The tax, brought forth in the March 29 budget, was expected to raise more than $65 million for government coffers with the suggestion that the added revenue would help cool off the hot housing market while increasing affordability.

 

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