Friday, December 19, 2008

York Theater saved in deal with Vancouver developer

After years of failed fund-raising efforts, and on the brink of demolition, Vancouver developer Peter Wall and the city struck a deal to save the historic York Theater in Commercial Drive.

Mr. Wall will spend $12 million to purchase, restore and hand ownership of the York Theater back to the City of Vancouver, in exchange for development rights to build a 20-story building in an yet-undetermined area.

For more details, please see the Vancouver Province.

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