The two buildings provided low-cost rental units for decades, even as residents and housing advocates complained of chronic pests, disrepair and fire safety violations.A director of a Vancouver-based charity says it has made a “fair market value" offer for two notorious hotels on the city’s Downtown Eastside, saying it wants to repair the rundown buildings and operate them as low-cost rental housing.
“We are confident in our privately financed ways that we can go faster and cheaper [than public-sector renovation],” Ms. Giesbrecht said. The city ordered the Balmoral to close in June, 2017, and the Regent to shut a year later, in June, 2018. The following month, the city announced plans to expropriate the two buildings.
Source: Holiday News (holidaynews.net)
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