As City Hall Empties, debate Rises

Source: The Hamilton Spectator

 

… The developers finished that mall in 1990 for $77 million. Ten years later, after Eaton’s died and the mall tenants fell away, the mall was sold to a man named Italo Ferrari for $3.6 million.

In other words, he got a nearly new building for about 5 per cent of the construction cost. It’s a shame the city didn’t buy it.

But that was yesterday.

The city has struck a deal with Ferrari to move everybody into the mall while the work is done over on Main West. The job of organizing that big move falls to Gerry Davis, the city’s director of capital planning…

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