Showing posts with label Sale is done. Show all posts
Showing posts with label Sale is done. Show all posts

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.