Quote:
Originally Posted by Labroco
government offices should not be going into the Bay... Find a new user for the building and stop removing tenants from buildings which pay property taxes! I love the building too but enough of this subsidy business and CV overpaying for obsolete and
dis functional Real Estate.
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Curious what new user you think might be found? We have been looking for one for 20 years.
Like it or not, it will take $50+million from government to make anything work. Likely more. I used to think that would never happen but the Portage Place guys somehow convinced the City and Province to cough up $40 million for a lucrative parkade and functioning mall. Seems like it isn’t that far fetched that they will find it for an empty bay.
Centre Venture is not involved with the Bay, so you don’t have to worry. I know you have issues with them for some reason. They have done a lot of good work over the years, helping property owners who want to develop their properties, but they are in charge of cobbling together something on Market Lands and that’s pretty much it these days. The money to subsidize the Bay will come directly from the government. Not sure what removed tenants you are talking about and how that relates to the bay. It’s already empty.