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By Simon (registered) - website | Posted December 20, 2012 at 22:31:42
Look at Port Dalhousie in St. Catharines - developer bought up all of the old historic buildings in Port Dalhousie - promised a big shiny new condo tower, evicted all the tenants in the historic buildings, boarded up everything...and let it sit for going on two years now...waiting for enough units to be sold to finance the project.
I am not one for holding on to heritage buildings for the sake of heritage - but there is no way you can argue that that section of buildings cannot be economically viable.
I remember going on a starving artist's studio tour in downtown Hamilton in high school circa 1994. I remember going up staircases in sketchy alleys and then into these unbelievable loft studios. Rundown and pathetic to be sure - but even a grade 10 highschool student could see the immediate potential.
Hell, I remember going to a nightclub that was in the old Bank of Montreal building at 1 Main West - that one turned out pretty well (restored and is now a Gowlings office).
If council lets this go through we have a much much much more serious problem in this City than I could have ever suspected...and that is saying a lot.
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