Urgent!!
THIS JUST IN!!
The Toronto Port Authority has just decided that
The Toronto Harbour Commission Building and the East Parking Lot is going to be INCLUDED with the purchase the Developer (Menkes or Oxford) is making formally for the purchase of the North Parking.
Of Coarse, their is a very strict condition from the city and the T.P.A, the
The Toronto Harbour Commission Building is NOT to be Demolished, Touched, Dismantled, or Moved.
Also, the price has increased, by approximately $5-12 Million. The estimated GRAND COST OF 60 HARBOUR ST. IS NOW ALMOST $80 MILLION!! The cost of the building costs nothing. It may be beautiful inside out, but its USELESS TO THE DEVLOPER, ITS A HERITAGE STRUCTURE! CAN'T BE DEMOLISHED. What made the most difference in the price is The Additional East Parking. The seller (T.P.A) are saying (PREDICTING) that the developer is going to use The building as a Sales Centre for the future developments on the sites. Once everything is sold out, they will put The Toronto Harbour Commission Building up FOR SALE, AGAIN. That is what T.P.A is thinking what the "DEVELOPER" will do most likely. Menkes or Oxford has NO Use for it. T.P.A won't tell who is the developer who is doing the deal!! They want this transaction to be "SECRET". WHY?? Everyone will know sooner or later!! The T.P.A has also said that the deal should be closed by the end of this week or next week.
IF THE DEAL GOES WELL, THE DEVELOPER WELL HAVE ONE HUGE BLOCK OF PRIME LAND IN DOWNTOWN TORONTO!!