Posted Feb 27, 2008, 12:28 AM
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It's Hammer Time
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Join Date: Mar 2004
Location: Hamilton
Posts: 20,364
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Lister Decision Possible On Wednesday
Feb, 26 2008 - 5:50 PM
HAMILTON (AM900 CHML) - The fate of the Lister Block is back on the agenda this week.
City Councillors meet on Wednesday morning, to decide whether to accept an offer to purchase the heritage building from LIUNA once it has been restored.
Councillors will be recieving a peer review of a proposal that LIUNA made two weeks ago.
That proposal estimated that with borrowing costs factored in, it would cost 32 million dollars over 20 years to buy the symbol of downtown decay.
Mayor Eisenberger is hopeful that the project "is a go". He has called the Lister Block a "beacon" for whether we are on the path of downtown rehabilitation.
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