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City Puts Vacant Downtown Lot Up for Sale

 
 

LETHBRIDGE: A vacant downtown lot owned by the city is now up for sale at a cost of $2.75-million.

The city originally purchased the land in 2001 and eventually demolished the Bridge Inn which stood on the lot.

A review of by city administration found that they have no immediate or long term plans for the space, prompting them to find a buyer.

City Real-Estate and Land Development Manager Michael Kelly commented that while they don't have any preference on what happens there, they hope that whoever the buyer may be, they'll follow the plan developed by the city and residents who have attended several open houses.

Kelly explained that it would be ideal to see a project involving both commercial and residential components.

The sale closes June 29th, at which point city administration will take four weeks to review the offers and make a recommendation to council.



Posted on Thursday, May 26, 2011 at 4/18/2014 4:54:30 PM
Source: Patrick Burles-- Country 95 News
 
 
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