Former Ont. army base sold for $27.2M
By Kelly Roche, QMI Agency
http://cnews.canoe.ca/CNEWS/Canada/2011/05/24/18187386.html
OTTAWA — The former CFB Rockcliffe site has been sold to the Canada Lands Company for $27.2 million, QMI Agency has learned.
"We're the land owner and developer," said CLC vice-president Gordon McIvor.
Redevelopment of the lucrative real estate in north Ottawa is back on the table after being tied up in a land claim with the Algonquins of Ontario (AOO) since 2007.
"That was resolved," said McIvor.
The CLC and the AOO have entered into a participation agreement.
"We want them to be able to, if they want, develop a piece of the property following the guidelines that have been approved by the city and by Canada Lands," said CLC president and CEO Mark Laroche.
The deal between the land company and natives is worth $10 million.
The Department of National Defence no longer runs the site.
"This is the most significant and important property that we've purchased in the last 10 years," McIvor said.
And it took about 10 years to obtain the 310-acre land, which was transferred on March 28.
Prior to that, DND had been maintaining the former airforce base.
In the last four years, the federal government has shelled out more than $5 million -- footed by taxpayers -- for the site, which once housed almost 500 military families.
CFB Rockcliffe officially closed July 31, 2009.
Since then, security costs in the 2009-10 fiscal year totalled $92,024.66.
The amount spent on maintenance has decreased significantly from 2008-09, when $2.1 million was doled out. In 2007-08, the price tag to maintain the site was $2.7 million. The year before that it cost $3.3 million.
The redevelopment could be a great thing for the city, said Ottawa-Vanier MP Mauril Belanger.
"It can be, if done right."
End of Article
By Kelly Roche, QMI Agency
http://cnews.canoe.ca/CNEWS/Canada/2011/05/24/18187386.html
OTTAWA — The former CFB Rockcliffe site has been sold to the Canada Lands Company for $27.2 million, QMI Agency has learned.
"We're the land owner and developer," said CLC vice-president Gordon McIvor.
Redevelopment of the lucrative real estate in north Ottawa is back on the table after being tied up in a land claim with the Algonquins of Ontario (AOO) since 2007.
"That was resolved," said McIvor.
The CLC and the AOO have entered into a participation agreement.
"We want them to be able to, if they want, develop a piece of the property following the guidelines that have been approved by the city and by Canada Lands," said CLC president and CEO Mark Laroche.
The deal between the land company and natives is worth $10 million.
The Department of National Defence no longer runs the site.
"This is the most significant and important property that we've purchased in the last 10 years," McIvor said.
And it took about 10 years to obtain the 310-acre land, which was transferred on March 28.
Prior to that, DND had been maintaining the former airforce base.
In the last four years, the federal government has shelled out more than $5 million -- footed by taxpayers -- for the site, which once housed almost 500 military families.
CFB Rockcliffe officially closed July 31, 2009.
Since then, security costs in the 2009-10 fiscal year totalled $92,024.66.
The amount spent on maintenance has decreased significantly from 2008-09, when $2.1 million was doled out. In 2007-08, the price tag to maintain the site was $2.7 million. The year before that it cost $3.3 million.
The redevelopment could be a great thing for the city, said Ottawa-Vanier MP Mauril Belanger.
"It can be, if done right."
End of Article
