Barrie Advance

Barrie is in talks to sell an often-filled parking lot across from City Hall and the MacLaren Art Centre.

EDEV Real Estate Advisors, based in Toronto, wants to develop the Mulcaster Street site. EDEVs projects have included the Toronto Stockyards, which turned an environmentally damaged, depressed area into townhomes and a commercial hub.

It would be fantastic. Its the last corner of Collier and Mulcaster (streets). Right now its just a parking lot, Barrie CAO Carla Ladd said.

Were hoping well have another successful development kitty corner to another one, she added in reference to the Collier Centre, which is under construction.

The staff report on last nights general committee agenda gives EDEV six months to do its due diligence and design a development concept.

Any development must retain the historical and architectural significance of the neighbouring armouries, the city said, and Heritage Barrie will be consulted.

The Fire Fighters Memorial would also remain in public hands.

City councillors have a preliminary site appraisal, which is confidential.

The cash from the sale of the lot, located behind the historic armouries building, will go into the citys parking reserve, which is falling into the red because of $10.5-million debt associated with the Collier Street Parkade. The debt payments ring in at $965,000 a year.

Read more:
Barrie in talks to sell lot on Mulcaster

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