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Old Posted Mar 5, 2021, 3:29 AM
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Labroco Labroco is offline
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Join Date: Jan 2014
Location: Toronto
Posts: 837
Quote:
Originally Posted by T'Cona View Post
I cannot imagine the city would grant permission to demolish the building anytime soon, and if a proposal was submitted for a tower to replace the building, it would have to be spectacular, and check off all the boxes.
1) I think The Bay will stop paying taxes.
2) I think they will drain the water pipes and shut off the water.
3) I think they will turn off the heat.
4) I think the guy who owns the parkade in Toronto has no interest in The Bay building even for a dollar.
5) I think the City will take it back for realty taxes. (Think Five Roses Mills on Higgins which was demolished 20 years ago with dynamite).
6) I think it will be given to Centre Ventures and the board of directors to deal with.
7) I think the City of Winnipeg will be floating a $100,000,000 Bond!
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