Cash-strapped PCs selling party headquarters in Fredericton
Quote:
The party is looking to unload the property as it gears up for an election campaign in which it will be allowed to spend up to $1.1 million, money the party doesn't have at the moment.
Tory documents filed with Elections New Brunswick show the party had just $20,260 in cash on hand as of June 30, 2017.
That compares to the $2,018,278 that the governing Liberals had at the same time, almost 100 times more than the PCs.
Liberal filings also indicate their party had no debt.
The PCs, meanwhile, owed $346,626 midway through 2017, including $233,060 from a 2013 loan that relied on the Regent Street office as collateral.
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So you can own the HQ for around half a million dollars.
Still, it is on Regent street, and downtown. Getting in and out of the driveway can be a PITA. And who knows how much work it will need inside? Make sure you get a building inspection done.
