City And Regional District Asked For $20,000 To Spruce Up Building Owned By Commonwealth Realty
By 250 News
Monday, February 21, 2011 03:59 AM

Current and proposed images of Farmer's Market Building "spruced up".
Prince George, B.C. - The City of Prince George and the Regional District of Fraser Fort George have both been approached by the Farmer's Market Association for funds to spruce up the Farmer's Market building at the corner of 3rd and George Streets.
The requests ask for $10,000 from the City and $10 grand from the Regional District.
The building ( the former Morrison's Men's Wear building) is owned by the Commonwealth Realty Corporation.
While the request for the grant money comes from the Farmer's Market Association, the request is supported by Commonwealth Realty Corporation and Downtown Prince George ( the Downtown Business Improvement Association or DBIA).
The Farmers Market says it will spend a total of $32,500 dollars sprucing up the building. The group's budget for the project says the Farmers Market will contribute $5,000 cash and "$7,250.00 in sweat equity" while the two levels of local government are being asked to pick up the rest of the cost.
Commonwealth Realty Corporation owns the property and has supported the group’s application with a letter from President Dan McLaren. In his letter to both the City and the Regional District, McLaren says Commonwealth Realty supports the Farmers Market by providing “ a below market cost” lease agreement. The amount of that lease cost is not mentioned in the public information.
The request for a grant is further supported by the President of Downtown Prince George ( the DBIA) , and Gordon Langer, who is the new president of Downtown Prince George, according to the letter dated December 14, 2010. The former President was Hugh Nicholson. Langer also holds a position of director in one of the Commonwealth companies.
The building was purchased by Commonwealth Realty as part of their acquisitions downtown. Commonwealth owns the property, with a mortgage held by a local Prince George family.
The proposal calls for the building to be repainted with a new sign and, according to an artist’s rendering, flags are to be added to the building.
When the Commonwealth Group of companies was purchasing a number of the properties in the vicinity through the NDI Trust, they said in their presentation they were undertaking the purchases with a view to building a new and vibrant downtown.
Previous Story - Next Story
Return to Home