Comment 110761

By Steve (registered) | Posted March 30, 2015 at 19:58:47 in reply to Comment 110699

"And, since the Diamantes basically received this site for free, I don't understand the math behind the "22 stories and 106 units are required to make this development worthwhile"."

A few things, so that some mis-information isn't further perpetuated.

  1. I believe you'll find it was the Canadian Ballet Youth Ensemble which purchased the property for a $1 from Sam the Record Man after he ran from a crumbling building which he allowed to fall into a state of disrepair.

It could have been purchased by others for $1, but they didn't want the risk.

I know Mrs. Diamante is the CEO of the Ballet, but still for the record it wasn't the "Diamantes" who received the site for "free".

  1. The 106 stories over 22 storeys are necessary to fund a business case for the renovation of the theatre, which the Ballet has basically acted as care-keeper for over the past 11 years.

I'm not surprised the author doesn't know the plans for the theatre, because in early March she thought the development plans included it's demolition. The author mis-informed people without a public apology/retraction in this CBC article,

That lack of retraction/apology, even acknowledgement of spreading mis-inforamtion, in this article clearly calls into question the author's character and motivations.

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