It would appear then that the commercial space is anything but certain. In addition, according to Mr. Degelder, only about 55% of the third tower is sold because of the slowdown in the market. Unfortunately the Record didn't seem interested in asking the tough questions.
Wednesday, April 16, 2008
Plaza 88 gets lots of free publicity - complete with inaccuracies
The article in today's Record (April 16th) on Plaza 88 contains some inaccuracies. At the meeting on April 7th when he was asked about the tenancy status of Safeway and Shopper's Drugs Mike Degelder replied that he originally had a memorandum of understanding with them, but now they (Safeway and Shopper's) were "balking at the deal" because of increased costs. Mr. Degelder went on to blame the potential demise of the deals on what he said were, "City staff dragging their feet on the development permit."
It would appear then that the commercial space is anything but certain. In addition, according to Mr. Degelder, only about 55% of the third tower is sold because of the slowdown in the market. Unfortunately the Record didn't seem interested in asking the tough questions.
It would appear then that the commercial space is anything but certain. In addition, according to Mr. Degelder, only about 55% of the third tower is sold because of the slowdown in the market. Unfortunately the Record didn't seem interested in asking the tough questions.
Subscribe to:
Post Comments (Atom)
Posts
1 comment:
It seems strrange that Wayneco's buddy would site city staff's dragging their feet as a reason for the uncertanty of commercial tenants. I remember when last year Wayne called a special meeting of council to accelerate the approval of the segregating of the property for the banks to forward financing for the project. As usual Wayne pushed this through for his friend. Maybe this was a favor he HAD to do for his future CONDO in this complex (one that smells like fish!). I am waiting to see what 'rabbit' Wayne will pull out of his hat to further assist his pal!
Post a Comment