Sault ramping up marketing of vacant industrial land
A push by the City of Sault Ste. Marie to sell off industrial land will soon begin in earnest.
The city’s economic development committee is meeting with its legal team and a Realtor as it ponders the best means of advertising the lands to potential buyers, while guarding against speculators.
During a recent committee meeting, it was decided the lands will be posted on MLS listings, which is a first for the city. And in an effort to deter speculators, the committee wants to add a stipulation that something must be built on the land within one year of purchase.
The lands being discussed are currently vacant, with no structure on the site.
Mayor Matthew Shoemaker said with a number of former institutional properties sitting vacant, it’s important buyers actually do something to develop the land.
“Out-of-town investors have bought up these properties -- nothing’s happened with them,” Shoemaker said.
“The old hospital is an example, the old St. Marys Paper site is an example, and there were a number of schools where they were just falling into disrepair and no investment being put into them, and that we do not want to see.”
Meantime, the economic development committee said more details on the endeavour could be announced next week.
CTVNews.ca Top Stories
Why drivers in Eastern Canada could see big gas price spikes, and other Canadians won't
Drivers in Eastern Canada face a big increase in gas prices because of various factors, especially the higher cost of the summer blend, industry analysts say.
How to avoid the trap of becoming 'house poor'
The journey to home ownership can be exciting, but personal finance columnist Christopher Liew warns about the trappings of becoming 'house poor' -- where an overwhelming portion of your income is devoured by housing costs. Liew offers some practical strategies to maintain better financial health while owning a home.
Toxic forever chemicals in drinking water: Is Canada doing enough?
As the United States sets its first national limits on toxic forever chemicals in drinking water, researchers say Canada is lagging when it comes to regulations.
'A living nightmare': Winnipeg woman sentenced following campaign of harassment against man after online date
A Winnipeg woman was sentenced to house arrest after a single date with a man she met online culminated in her harassing him for years, and spurred false allegations which resulted in the innocent man being arrested three times.
Some customers steaming after McDonald's ends free hot drink sticker program
It took years for Vinnie Deluca to collect more than 400 cards worth of free McDonald's McCafe coffee, a collection that now has "zero value" after the company discontinued the program.
Biden scores endorsements from Kennedy family, looking to shore up support against Trump and RFK Jr.
U.S. President Joe Biden will accept endorsements from at least 15 members of the Kennedy political family during a campaign stop in Philadelphia on Thursday as he aims to undermine Donald Trump and marginalize the candidacy of Robert F. Kennedy Jr.
Where did the gold go? Crime expert weighs in on unfolding Pearson airport heist investigation
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.
When new leaders took over in ancient Maya, they didn't just bury the former royals. They burned their bodies in public
New archeological investigations in Guatemala reveal that the ancient Maya people had a ritual of burning royal human remains as a public display of political regime change.
Party's over: Coyotes play final game as Arizona franchise before move to Salt Lake City
Mullett Arena buzzed like few times in the two years since the Arizona Coyotes moved in, the fans amped for one last desert hurrah.