Hmm, I wonder if the building will be upgraded/restored and the air rights applied to another location in the city?
Uses: rental, commercial
Address: 1601-1609 Douglas Street
Region: Downtown Victoria
Posted 12 June 2020 - 09:00 AM
Victoria City Council voted “reluctantly” Thursday to give an emergency grant worth $162,500 to help wind down a beleaguered affordable housing project at the Fairfield Hotel building on Cormorant Street.
The grant is for the same amount that the Pacifica Housing Advisory Association owes the city after it broke a 10-year, $500,000 agreement to house low income tenants at the 62-bed property last fall.
“It’s a conversion of funds but making it clear it’s from one use to the other,” said Bill Eisenhauer, a city spokesperson. He noted that the money from the original housing grant can’t be used to support the wind down of the project. Therefore, the decision means the city doesn’t have to pay out any new money, but Pacifica is effectively off the hook for the debt it owed for breaking the agreement, which has been converted into the grant.
In 2017 the city paid $250,000 upfront to support the residence, and now Pacifica will be able to use the remaining funds — about $120,000, according to a city report — to continue operating the Fairfield facility while working to rehouse current tenants.
Posted 12 June 2020 - 09:06 AM
...Pacifica is effectively off the hook for the debt it owed for breaking the agreement...
Another well-played fiscal move by the CoV.
- A Girl is No one likes this
Posted 24 July 2020 - 09:19 AM
Brand new glazing on the side of the building is a huge improvement.
Posted 24 July 2020 - 09:49 AM
This is such an attractive building. Glad to see it getting some rehab love...at least on the exterior.
Posted 18 December 2020 - 06:12 AM
A heritage building across from Victoria City Hall that until a year ago provided housing for the homeless is on the market for $7.85 million.
The Fairfield Block, built in 1912 and designated as a registered heritage commercial building, had a 62-bed rooming house on its upper two floors. But the Pacifica Housing Advisory Association ended its lease at the former Fairfield Hotel, citing the Douglas Street building’s age, stairs that were difficult to navigate, a lack of kitchens and the fact there were only four shared bathrooms.
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