Sedona Apartments | ?m | 9s | ProCura Real Estate | DIALOG

What do you think of this project?

  • Total voters
    31
My only question is when will demolition of this eyesore finally occur? We've been waiting for a couple of years now.
 
Procura is totally out of the game now. Their remaining vacant land at "Century Park" has been for sale for almost a year now....I think they were asking $40M? Or was it $80M?
 
Frustrating that a random developer can get away with ignoring their tax bill so easily.

Glad something is finally happening here though. I might be out there with a lawn chair and a case of beer when this dumpster fire finally gets knocked down 😄
 
degrandprix said:
Frustrating that a random developer can get away with ignoring their tax bill so easily.

Glad something is finally happening here though. I might be out there with a lawn chair and a case of beer when this dumpster fire finally gets knocked down 😄
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If the provincial government can do it, so can we!

Seriously though, are there no repercussions to this?! Other than a soured reputation, does nothing happen?
 
scyeg said:
If the provincial government can do it, so can we!

Seriously though, are there no repercussions to this?! Other than a soured reputation, does nothing happen?
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Tale old as corporate time--dump an unproductive asset on a shell company, enjoy a tax write off and being able to wash your hands of it completely while the public is stuck paying to clean up the mess. The oil and gas industry are pros at it (despite AERs best attempts).
 
I am quite disappointed, I thought Procura while slow to develop was better than this.

I understand that developments do not always go ahead quickly for various reasons, but those that own the site are still responsible for its condition and to maintain and secure it.
 
Edmcowboy11 said:
I think purhaps also a case of biting off more than you can chew. I think they should have focused on Century Park and downtown/109 and Jasper. Finish those projects completely and then move on.
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And they're selling all that land at Century Park too. It's like they are out of the game now.
 
bodsbods9090 said:
And they're selling all that land at Century Park too. It's like they are out of the game now.
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CP is for sale - $40M I believe is the number. Funny, just went on their LinkedIn account - and they have 1 post since Christmas - sounds like they're shutting things down for sure.......
 
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