Thursday, January 31, 2013
One Councillor's comments on the Centre sale
With the hotel development, all I can say at the moment is that last Tuesday council approved the CAO to enter into a sale and construction agreement with Medican General Contractors. Because it is still a conditional contract we have been advised by our solicitor that we cannot release any specifics at this time and without the agreement of the other party. I want this finalized as much as anyone but both sides are combing the contract for the minute details. I will say that I am very happy with what I see in this contract including sale price and timelines. I am keen to see this project move ahead. The developers are planning an open house on Feb. 12 but that is still tentative.