The Ontario government is moving ahead with its plan to the sell the LCBO's head office and other properties in downtown Toronto.
The lands total 11 acres and include:
- The LCBO's head office at 55 Lake Shore Boulevard East.
- A warehouse at 43 Freeland St. and adjoining land.
- LCBO's retail store at 2 Cooper St., next to Queens Quay.
A government news release says money from the sale will go toward infrastructure projects such as roads, bridges and transit.
The government will sell the properties through a request-for-proposal process. The buyer will also have to provide the LCBO with a new head office and a downtown retail store to lease.
In announcing the sale on Thursday, Infrastructure Minister Brad Duguid would not put a figure on how much the sale could potentially fetch.
The LCBO headquarters is designated as a heritage building, which could limit redevelopment options for a potential buyer. Duguid denied this would limit the sale price.