Comment 82290

By Fred Street (anonymous) | Posted October 26, 2012 at 09:11:40 in reply to Comment 82284

"Poor developers" was not my intended take-away. Meant only what I said: That it might not be as straightforward as it appeared.

I don't know how much Blanchard has in his war chest, but if, as Miles suggests, this is a $10m preservation task, that is significantly higher than the valuation City places on the properties.

> Gore Building Improvement Grant Program: Max $50K for eligible work

> Hamilton Downtown Commercial Fa├žade Property Improvement Grant Program: Matching funds to a maximum of $10,000 per property for eligible work

> Commercial Property Improvement Grant Program: Max $20K matching funds for properties with a street frontage greater than 25 feet; Max $10K matching funds for properties with a street frontage of 25 feet or less

http://www.investinhamilton.ca/downtownbia/financial-incentive-programs/

Maybe the solution is, as with the Preece house, to go the non-profit route and make heritage preservation a community project. There were a number of downtown donors to MPH (even the oft-maligned Delta Bingo is on the same tier as Margaret & Charles Juravinski):

http://www.markpreecehouse.ca/?page_id=15

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