Surrey council approves Prologis lease and BRT plan changes
Surrey City Council authorized the city to move forward with a proposed long‑term lease of 36 acres of city‑owned land in Campbell Heights. The lease, negotiated with San Francisco‑based logistics real‑estate firm Prologis, would support a development of roughly 721,000 sq ft of industrial space and is projected to generate more than $1 billion in combined lease and property‑tax revenue over a 62‑year term, roughly doubling the city’s annual revenue from the property and creating hundreds of local jobs. Mayor Brenda Locke said the investment signals Surrey’s strategic location and strong transportation connections, while Prologis vice‑president Matt Brock highlighted the market’s infrastructure and growth potential.
In a related council action, Surrey approved amendments to the Semiahmoo Town Centre Plan to align with the revised King George Boulevard Bus Rapid Transit (BRT) terminus at 152 Street and 16 Avenue. The amendments update land‑use and road‑network maps, remove sections of 16A Avenue and 23A Avenue, and add a new lane to improve neighbourhood access. The changes are intended to support transit‑oriented development and accommodate the BRT station’s operational needs.
Entities: Brenda Locke · City of Surrey · King George Boulevard BRT · Matt Brock · Prologis
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Surrey council authorized the city to proceed with a proposed long‑term lease of 36 acres of city‑owned land in Campbell Heights. (City of Surrey, Prologis lease articles)
- [○ 1 SOURCE] Surrey council approved amendments to the Semiahmoo Town Centre Plan to align with the King George Boulevard BRT terminus at 152 Street and 16 Avenue. (Surrey council BRT plan amendment article)
- [● 2 SOURCES] The lease is expected to approximately double the city's annual revenue from the property. (City of Surrey, Prologis lease articles)
- [○ 1 SOURCE] The amendments update land‑use and road‑network maps, removing sections of 16A Avenue and 23A Avenue and adding a new lane to support neighbourhood access. (Surrey council BRT plan amendment article)
- [● 2 SOURCES] The lease agreement is projected to generate more than $1 billion in combined lease and property‑tax revenue over its 62‑year term. (City of Surrey, Prologis lease articles)
- [○ 1 SOURCE] The BRT terminus relocation will support transit‑oriented development in the area. (Surrey council BRT plan amendment article)
- [● 2 SOURCES] Prologis is evaluating plans for a major logistics development of approximately 721,000 square feet on the site. (Prologis, City of Surrey articles)
- [● 2 SOURCES] The development is expected to create hundreds of local jobs. (City of Surrey, Prologis lease articles)