Market News

Pattison Makes a Splash in Niagara Falls

Jimmy Pattison, the owner of Overwaitea Food Group, is moving into hotel/resort development in Niagara Falls. He has announced plans to develop the 100,000-sq.-ft. Great Wolf Lodge park and hotel in the tourist town. In addition to the water-park-centred undertaking, the company is also developing an aquarium on an adjoining site. The Jim Pattison Group will invest more than $200 million in the two attractions.The Vancouver tycoon has also leased two parcels of land on Clifton Hill, Niagara Falls, Ont., the area that contains the greatest concentration of tourist sites, to develop more attractions. Pattison said he expects the Great Wolf Lodge Niagara Falls to be completed in April 2006. Source: Canadian Grocer E-Newsletter, December 5, 2005.