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No Loss in Revenue from Air Weapons Range Expected

Cold Lake won’t see loss of revenue from Air Weapons Range with the drop in oil prices. The City of Cold Lake, who has many projects on the go and continues be expand, won’t have their revenue from the air weapons range affected by the oil price dropping. Mayor of Cold Lake Craig Copeland explains the revenue is not contingent on the price of oil. The City receive money based on the assessment of the structures on the land already, the only way the revenue would be effected negatively is if company choose not to expand any further. By not expanding that would hurt future growth and earnings. As for the near future expectations are for the revenue to remain the same.  Mayor Copeland goes on to say that the money generated from the air weapons range will continue to help Cold Lake grow. The next project the city has under took is an expansion of The Energy Centre.

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