Feds buy Nortel building for $177 million
Last Updated: Thursday, February 27, 2003 | 9:41 AM ET
CBC News
Nortel, the National Archives and the National Research Council are among the winners in the federal government's latest spending estimates.
The supplementary estimates dole out last-minute cash to needy departments and projects, squeaking the payments in before the end of March.
One of the bigger payouts helps Nortel. The government will spend $177 million acquiring Nortel's Skyline campus at Baseline and Merivale.
The Skyline sale will be a relief to the ailing company, which will receive $90 million of the total next month.
As well, there's a boost for scientific research. The National Research Council is getting $10 million more, most of it earmarked for research.
The supplementary estimates also bear some good news for culture in the coming weeks.
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