P.G. Hotel Demolition Bill Estimated at $600 Grand
By 250 News
Tuesday, October 12, 2010 10:57 AM
Prince George, B.C.- City Councillor Cameron Stolz says early estimates to demolish the P.G. Hotel are in the $600 thousand dollar range.
Stolz says if the City is to demolish the P.G. Hotel and carry out remediation work on the City owned parking lots which are adjacent to it, the bill is expected to top $600 thousand dollars.
That demolition cost is to be part of the budget discussions for 2011.
The City purchased the P.G. Hotel this past spring for $2.5 million dollars. That purchase price included phase 1 and 2 environmental assessments of the property by AMEC Engineering as well as expenses incurred by Northern Development Trust such as capital gains tax, legal fees and management fees.
The property is to be part of a downtown development prospectus, and while it had been touted as the site for a Wood Innovation and Design centre to be operated by UNBC, the University has indicated concerns about having a second site away from its main campus.
The Premier has said he would like the Centre to be “in the heart” of Prince George, but an actual location has not been publicly announced. Mayor Dan Rogers has indicated he is looking for some decisions to be made before the end of this year on the scope and location for the centre.
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