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A developer based in Bedford, N.S., has won the right to negotiate a deal that could result in several residential and commercial buildings on Cape Breton Regional Municipality's downtown waterfront property in Sydney.
Cape Breton Regional Municipality councillors have been trying to encourage residential and commercial growth on property surrounding the marina, which used to be the home of the Royal Cape Breton Yacht Club.
The last time Cape Breton Regional Municipality sought development proposals for its downtown waterfront, only 1 bid was received. Now, it has 3 to assess.
Marty Chernin of Harbour Royale Development says CBRM is not business-friendly.