https://leaderpost.com/news/local-ne...meless-shelter
City to consider buying Eagles Club for homeless shelter
The total cost is estimated at $5.6 million, less than the $7.5 million price tag floated for the Albert Street sites.
The total cost to convert the Eagles Club’s building is estimated at $5.6 million, less than the $7.5 million price tag floated to pursue the Albert Street site.
Of that, the purchase price is $2.6 million and renovations are tagged at $3 million. The city would also have to provide another $400,000 to revert the Nest back to its original state once the shelter has moved.
That $6 million total price tag would be covered entirely by funding provisions from other levels of government.
The provincial government is still offering the same deal negotiated with the last location: $3 million, in the form of a 10-year forgivable loan through the Saskatchewan Housing Corporation.
The city has already secured the other $3 million as a one-time housing and transit grant from the federal government. —-/ great news