Greater Sudbury - Ontario

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SRGray

Ledo Hotel building owner ‘a happy man’ after purchase (www.sudbury.com)

submitted 2 years ago by SRGray to c/greater_sudbury

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Rather than risk the building remaining vacant any longer, or having an investor purchase it only to sit on it for an extended period of time, Lefebvre told Sudbury.com that city council opted to take advantage of the fact the building was up for sale and snatch it up now.

“We wanted to buy it and move on,” he [Mayor Lefebvre] said.

Definitely, a smart move here, even if it was $900k of taxpayers' money. Better to buy it now and demolish it right out, than to force us to have a repeat of the old Hospital...

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