Originally Posted by Goldfinger
When you have special interests meddling in business decisions, this is the result you get. Should have let the owners build what they wanted in the first place.
Welcome to Hamilton, it's all starting to make sense why most investors won't touch this city with a 10 foot pole.
you've got it wrong. they bought a designated historic property and know full well what that means (assuming they are reasonably astute business-people...I'm not a business person and even I know what regulations are in place if I were to purchase a designated building).
They worked out a rule-breaking deal with former mayor DiIanni. The only 'special interest' groups that got involved were those interested in seeing the historic designation adhered to, both at the city and provincial level.
All we have here is a bunch of people who worked out a closed-door, law-breaking deal that would have absolutely fattened their pockets, now being forced to follow the rules (heaven forbid) and making a more 'normal' profit instead of the insane amount of free, public money there were going to 'take home' in the first place.
They're ticked off at that, and so are playing games like this. The blame lies with them, plain and simple. Recently, my employer purchased a new property in the city. We saw one that we liked but discovered that it was a designated historic property...we needed to make some serious changes to it in order to fit with our plans, so guess what. We didn't buy it. We bought a different property. That's why guidelines and rules are in place. These guys think they're bigger than the law just because they hang out with mobsters.
Sorry. You're not. And I hope the province/city has some legal grounds to take the building from them and give it to other groups waiting in the wings to redevelop it.