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An undeveloped 153-acre piece of land in south Edmonton — formerly slated for a NAIT campus — is being sold by the province for $49.9 million.

The property was initially acquired in 2007 through a land exchange with developer Brookfield Residential for a new NAIT campus, said Diane Carter, spokeswoman for infrastructure minister Prasad Panda on Thursday.

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After the school decided in February to consolidate and expand its campus in the Blatchford area, the land was no longer needed and the sale was approved this summer.

“This land sale will help us generate additional revenue for the province without burdening the taxpayer,” said Panda in a Thursday news release. “This is a real-world example of our commitment to manage the province’s land, buildings and facilities in a way that provides the most value for Albertans.”

The property, south of Ellerslie Road between 91 and 101 Street, is already zoned for redevelopment.

It has access to Anthony Henday Drive and Queen Elizabeth II Highway, is close to Nisku Industrial Park, the Edmonton International Airport and Canadian Pacific Railways’ shipping terminal.

mwyton@postmedia.com

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