184 replies to this topic

[Nparker]

...No sane business owner would spend a huge amount of money to pretty up that space...

Coincidentally, there are few sane business people in the administration or government of the CoV.

[Matt R.]

How many events sell out at 7,000?!

I think city and colour was a sell out, then sold out the next night at Rogers. Unique Canadian talent though, I’d say.

[Nparker]

I think city and colour was a sell out...

But that was a decorators' convention though, right? 

[Victoria Watcher]

Canadian artists have a bit of an odd distinction as we mandate their play on broadcast radio. So we have a situation where some Canadian artists are relatively prosperous in Canada, touring. But they can rarely launch a substantial US tour, as they are artificially more known here.

Five good examples:


Metric
Hedley
Platinum Blonde
Honeymoon Suite
Jann Arden

Edited by Victoria Watcher, 22 March 2024 - 11:35 AM.

[Benezet]

Here’s a recent review from last year:
…

That just about sums it up.

I clicked on the link you provided, and I saw that the majority of reviews were positive. But online reviews aside, the place is often full at night, which to me indicates success.

[Nparker]

...the place is often full at night, which to me indicates success.

So why was it not put up for sale on the open market?

[Mike K.]

I clicked on the link you provided, and I saw that the majority of reviews were positive. But online reviews aside, the place is often full at night, which to me indicates success.

Lots of seniors there, it’s the cheapest bar in town.

I’m sure it makes good money.

[Victoria Watcher]

So why was it not put up for sale on the open market?

It was. For a long time.

[Nparker]

Then it can't be nearly as profitable as some would want us to believe.

[Benezet]

So why was it not put up for sale on the open market?

If you’re referring to the building, it was put up for sale on the open market:

https://www.timescol...or-sale-4676588

As to why it wasn’t sold until now, perhaps the owners simply didn’t want to sell it to just anyone. See the quote from Hermann’s son within the article.

[Nparker]

...As to why it wasn’t sold until now, perhaps the owners simply didn’t want to sell it to just anyone.

No they were holding out for a sucker - and they found the most gullible one of all.

I'll have to remember this strategy if I decide to sell my condo. I can probably make a backroom deal with the CoV to purchase it well above the assessed value as a satellite location of Tiny Town.

Edited by Nparker, 22 March 2024 - 01:28 PM.

[Mike K.]

It was for sale a few times, no?

Always drama with that place. It’s been a decade plus of drama.

[Mike K.]

2017:

A community group trying to keep Hermann’s Jazz Club open by buying it has failed to reach a fundraising goal in time for an Oct. 31 deadline.
By the end of October, it had to tell the owners whether it raised enough money to buy the building at 753 View St.
If that stage of fundraising was successful, the $3-million sale was to close on Dec. 14.
But the society fell far short. It collected $32,000 in non-refundable deposits and an unspecified amount in pledges.

What a mess.

[Nparker]

Isn't it nice that the taxpayers were able to ride to the rescue and resolve the drama once and for all?

[Victoria Watcher]

They collected $32,000 of the required $3 million at that time. That’s not much commitment.

Edited by Victoria Watcher, 22 March 2024 - 11:56 AM.

[Benezet]

No they were holding out for a sucker - and they found the most gullible one of all….

I imagine the owners were wishing that their father’s legacy could be carried on somehow, rather than simply cashing in asap to, say, a developer who would eventually tear the place down and put up yet another eight-story condo building with a gym and a sandwich shop on the main floor.

[Mike K.]

The listing never intimated anything of the sort.

They made an extra million dollars, though. Not bad.

[Mike K.]

In 2019 it had been listed for sale again, this time up from $3 million to an asking price of $4.5 million.

https://victoria.cit...isted-for-sale/

[Benezet]

They made extra million dollars, though. Not bad.

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

Edited by Benezet, 22 March 2024 - 12:15 PM.

[Victoria Watcher]

Nope.