Letter To The Editor: Council Should Consider Extending Due Diligence Period On CB Fox And Reel Deal Buildings
CB Fox
I was surprised and disappointed by a recent study estimating the cost of replacing the CB Fox building. Building costs seem high, but I have no experience with a multistory commercial building. However, resulting costs for someone to own a part of it seem REALLY high.
Maybe think about a different approach? Perhaps LAC could remodel the building into business condos: primarily shopfronts and offices. Since the building is more than 10 years old, it may not run afoul of current difficulties with newly built condominium buildings.