News

Co-op demolition finally begins

WORK CREWS take down the east side of the Co-op earlier today as the building
WORK CREWS take down the east side of the Co-op earlier today as the building's demolition begins.
— image credit: MARGARET SPEIRS

A BACK hoe began pulling down the Co-op walls today as the building ends its time standing empty since it closed years ago.

That also means all the artwork from Graffiti Fest goes with it – although done as a way to make the grey building look better, there was disagreement as to whether it was an improvement.

Since purchasing the Co-op site, the city has been under increasing criticism for lack of progress in either reselling it or coming up with its own redevelopment plan.

Council decided to demolish the city-owned building after considering an appraisal that suggested the property will increase in value once the structure is gone.

With the building, the property would be worth $900,000 – to $1.075 million but without it, the value of the property could be worth anywhere from $1.35 million to $1.52 million, the appraisal suggests.

The city is spending $284,000 to tear down the building.

We encourage an open exchange of ideas on this story's topic, but we ask you to follow our guidelines for respecting community standards. Personal attacks, inappropriate language, and off-topic comments may be removed, and comment privileges revoked, per our Terms of Use. Please see our FAQ if you have questions or concerns about using Facebook to comment.

You might like ...

Date set for murder trial of Terrace girl in Kamloops
 
Video shows Terrace RCMP officer punching handcuffed individual
 
West Kootenay/Boundary candidate numbers up slightly over 2011
Group hoping to build new animal shelter in Port Edward
 
Celtic Night to be held at Lester Centre of the Arts
 
Snowbirds arrive in Prince Rupert
Old BC Hydro dams could be removed
 
Columbia Basin Broadband sets November deadline
 
Candidate steps forward for Nelson-Creston Liberals

Community Events, October 2014

Add an Event

Read the latest eEdition

Browse the print edition page by page, including stories and ads.

Oct 17 edition online now. Browse the archives.