184 replies to this topic

[Mike K.]

The owners wanted $3 million in 2017. Then they asked $4.5 million in 2019.

Do we recall what the most recent asking price was when it emerged on the market again last year?

[lanforod]

Can anyone say with certainty what its fair market value is?

 

We can say for certain what the CoV taypayer dollar value is. Market value is hard, you're not gonna find recent comparables.

 

But its very telling that it was unable to sell at or close to the listed market price, never mind your speculation on why not, usually the most likely reason is correct: that no one was willing to pay that price. If that is the case, the fair market value was less than what the listed price was.

[Mike K.]

The first order of business could be, that the City might hire a consultant that may determine the building needs a $1.25 million seismic upgrade.

[Victoria Watcher]

Fernwood mafia needs to show progressive credentials

 

“This purchase demonstrates council’s commitment to preserving and investing in music spaces downtown as reflected in our 2023-2026 strategic plan,” said Victoria Mayor Marianne Alto to justify the spending of $4 million to buy Hermann’s.

 

The word that screams at me in that press release is “preserving,” as the same principle does not appear to apply in the case of the Alix Goolden Hall.

 

I have to ask why council tolerates such a high level of disorder outside the entrance to an absolute gem of a music venue here in Victoria.

 

Disorder that has closed the main entrance and limits the number of music lovers that can attend events to meet reduced-capacity fire regulations.

 

May I suggest the reason for this contradiction is that the Fernwood mafia on council have this desperate need to prove their progressive credentials by refusing to limit the impact our unhoused population has on the city.

 

The fact that they make little attempt to work for all of the good folk in Victoria will, I trust, be remembered in October 2026.

 

 

Paul Cunnington

Victoria

 

 

 

https://www.timescol...goolden-8533828

Edited by Victoria Watcher, 01 April 2024 - 01:28 AM.

[Nparker]

"Fernwood Mafia". I love it.😄