Quote:
Originally Posted by IanWatson
I wonder if the feds will deregister before selling. I imagine in this case that the site is worth much more as a redevelopment site than as a heritage building with lots of deferred maintenance.
Not to say that the site couldn't be restored, and even have new development integrated with the existing building (I quite like the building). But yeah, if they're looking for top dollar I can see the heritage designation getting in the way.
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it wont, since it falls outside a conservation district. they can demolish it as of right in year 3. the buyer, if they are smart will apply for demo the day they take ownership, so they can knock it down the minute the plans are finalized.