UPDATE: Town of Sidney reaches agreement in principle to sell Fire Hall properties for $9-Million

Town of Sidney has reached an agreement in principle to sell its Fire Hall properties for $9-Million.

The deal, with developers Fraser McColl and Dan Robbins, is for the purchase of a property in the 98-hundred block of Third Street, another in the 24-hundred block Sidney Avenue, and the adjoining parking lot in the 98-hundred block Third Street.

The developers were chosen through a tendering process, and plan to redeveloping the land under the current Official Community Planand Zoning as mixed-use commercial/residential.

The properties have the potential to allow up to 6 storeys with at least 30 parking stalls maintained for public use.

While the deal is for $9-million, there's a potential to increase that amount if Council approves additional square footage permitted under current zoning. 

                                     

 

   

 

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