GM of Planning says they hope to have a new owner soon, for buildings in Niagara Falls
We're getting an update from the City of Niagara Falls concerning that development at the corner of Stanley and Ferry, where there's a huge hole in the ground.
General Manager of Planning and Development Kira Dolch tells us they hope to have a new owner soon, and get construction of three commercial and condo buildings resumed.
"Usually with any development, once you start with one development, you start to see a series... which would be exciting. It is a key location, obviously, on the corner of Ferry and Stanley, and hopefully triggers a little more development in that corridor."
She adds economic conditions drove the previous developer away, similar to what's happening in Toronto.
"It's just a sign of the times, with the cost of construction, the cost of mortgages, cost of lending. It is a sign of the times, but hopefully things are starting to come down."
Toronto Man Charged with Trafficking
Niagara Falls Man Charged with Trafficking
Painting Honours Kristen French
Keeping Douglas Memorial Public is Goal: Mayor
Tourism Awards Received in Niagara
Man Charged with Defrauding Senior
Belugas at Marineland Holding....
NDP Leader Stops in Niagara