Comment 64714

By Fred Street (anonymous) | Posted June 08, 2011 at 10:31:16 in reply to Comment 64205

The Laborers International Union of North American and Hi-Rise Development has guaranteed a retirement facility will be constructed adjacent to a restored Lister Block.

“Yes, we are prepared to make a guarantee,” said Joe Mancinelli, vice-president of Central and Eastern Canada of LIUNA. Although, Mr. Mancinelli said based upon LIUNA’s development track record and community reputation, “that alone should guarantee” the work.

“We don’t see a risk,” he said.

Yet a number of councillors believe that LUINA and its development partner, Hi-Rise, should financially guarantee that a $60-million retirement facility will be built near the Lister Block. The guarantee, said Ancaster councillor Lloyd Ferguson, will go a long ways towards assisting reluctant councillors to approve purchasing the Lister Block from LIUNA....

....the province will provide the city with the $7 million to rehabilitate the Lister Block. The money had been announced by Premier Dalton McGuinty in June 2007, with the condition the city agree to a 20-year lease with LIUNA instead of the original 15 years....

As part of the grant agreement, the province stipulated that Hamilton couldn’t sell the Lister Block until March 31, 2028, and it has to occupy the Lister Block by March 31, 2012."

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