Things are moving along in the redevelopment plan of Beach Area 1 in Wasaga.
Town council has unanimously approved the terms of a purchase and sale agreement with the Sunray Group.
It reflects a portion of the town-owned land near the beachfront and the main tourism area at Beach Area 1. Sunray plans to build a premium-brand hotel, restaurant and other amenities.
Terms include Sunray investing over $45 million to build the facility and an investment of 1.5 million dollars to design and build a Festival Square near the beachfront, which will be used by the town for outdoor entertainment and special events.