Posted May 9, 2006, 9:32 PM
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samsonyuen
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Join Date: Apr 2005
Location: Canary Wharf->CityPlace
Posts: 4,241
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From: http://www.canada.com/nationalpost/n...e-6b8114591166
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Quote:
Will the third time be a charm for long-delayed Bay-Adelaide project?
National Post
Published: Tuesday, May 09, 2006
An office tower at the corner of Temperance and Adelaide streets will likely receive approval from Toronto city councillors today -- for the third time in its blighted history. The long-delayed Bay-Adelaide project was first approved in 1988 and construction began on the 57-storey office tower. But following a crash in the real estate market, the project was halted, leaving behind the six storey "stump" that currently occupies the site. In 1999, the developer submitted a revised proposal to the city for 47-storey office tower but the plan collapsed when no tenant could be found. The current proposal calls for the demolition of the stump and the construction of a 62-storey tower in its place. Toronto and East York Community Council will consider the proposal today.
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