APM to buy Summerside's old Holland College building
Last Updated: Tuesday, March 18, 2008 | 8:29 AM AT
CBC News
A well-known Prince Edward Island developer is set to buy a prime piece of Summerside real estate from the province, CBC News has learned.
APM Group president Tim Banks confirmed to CBC Monday night that the company is expected to close a deal for the old Holland College building on the city's Granville Street early next month.
Banks said the land will be split into commercial and residential development.
He said APM submitted the highest bid for the property when it was put out to public tender, but said he couldn't recall what the company paid for the land.
The 7.3-hectare plot of land, which has been vacant for close to four years, was a topic of conversation at Monday night's monthly council meeting.
Coun. Ron Dowling wants the property developed as soon as possible.
"The best-case scenario, they'll have the equipment in there in the spring and they'll put a nice new wonderful facility in there and continue to grow the area," said Dowling.
"It's a prime location within the city and that's partly I guess why it's so sad to see it in the shape that it is."
Another councillor who lives near the property called it an eyesore.
"It's got graffiti, it's all boarded up, if you didn't know that it was almost in the centre of town you'd think it was almost on the outskirts of a place that was going downhill or something," said Vance Bridges.
Share Tools
Latest Prince Edward Island News Headlines
- Liquor store discussion heats up legislature
- The Opposition raised questions in the provincial legislature Friday over the decision to close the Wood Islands liquor store. more »
- EI rules will hurt primary trades, says P.E.I. premier
- While reaction continues to brew over Thursday's announcement about changes to the Employment Insurance program, P.E.I. Premier Robert Ghiz says provincial officials will be meeting with the federal government to discuss how the new rules will affect Islanders. more »
- HST to hit low-income earners hardest
- Although the proposed harmonized sales tax is good for business, it will hit low-income Islanders the hardest when it's rung in next April, said economists. more »
- Charlottetown businessman named to Order of Canada
- Charlottetown's Fred Hyndman was inducted as a member of the Order of Canada Friday. more »
Top News Headlines
- Everest victim's husband says family not seeking government help
- The husband of a Toronto woman who died trying to climb Mt. Everest on Saturday says his family is not seeking government help to cover the cost of bringing his wife's body home. more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Teens share bullying tales in confession booth
- Raw stories about bullying emerged when a video booth was set up inside a Quebec high school. more »
- Serial carjacker gets life term for fatal crash
- An Ontario judge was moved to tears while delivering a life prison sentence to a serial carjacker who killed a woman and injured five others after driving a stolen van into her car during a 2010 police chase. more »
- EI rules will hurt primary trades, says P.E.I. premier
- P.E.I. quality of life second-worst, says study
- HST to hit low-income earners hardest
- 902 numbers running out in N.S., P.E.I.
- Islanders worried over EI changes
- Charlottetown businessman named to Order of Canada
- Atlantic Lottery replacing old VLTs
- Tourism P.E.I. handed out $60,000 in free golf passes
- Red Shores Raceway's fastest horse put down
