Comment 110830

By kevlahan (registered) | Posted April 01, 2015 at 17:20:28 in reply to Comment 110826

Belma Diamante got the property for $1 from the previous owner Sniderman. She then eventually sold the property to her husband Mr Diamante (through a numbered company owned by Mr Diamante) for $900K. The City has spent a total of $395K on the property and agreed to a $50K interest free loan in 2009 that had not been repaid (as of Feb 2013 when the CBC article came out).

http://www.thespec.com/news-story/2195920-tivoli-being-sold-to-developer/ http://www.thespec.com/news-story/252493... http://www.cbc.ca/news/canada/hamilton/n...

Belma Diamante's charity had listed the value of the land and buildings as $1.26M.

Comment edited by kevlahan on 2015-04-01 17:20:40

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