View Single Post
Old Posted Jun 19, 2012, 10:48 AM
statbass statbass is offline
Registered User
Join Date: May 2011
Location: St. John's
Posts: 1,433
City Expropriates Land for Development

Source: VOCM, June 19, 2012

Unsuccessful negotiations between property owners and the City of St. John's has prompted the expropriation of several downtown properties. Areas of New Gower Street, George Street, Duckworth Street, Henry Street and Bell Street, along with New Pennywell Road will be affected.

Henry Bell Developments hopes to build a 216-space parking garage to support the redevelopment of both the former CBC Building on Duckworth Street, and the former Newtel Building on McBride's Hill. Although the company was successful in acquiring some properties, they have been unable to negoiate a deal in respect to a relatively small parcel of land owned by Church Hill Holdings Limited. The city has decided to expropriate that land as it will provide significant positive economic benefits, and will allow for increased parking. It was also announced last night that land on George Street and properties on New Gower Street will be expropriated to allow for the expansion of the Convention Centre.
Also posted in the St. John's main thread.
Reply With Quote