Seniors housing project proposal violates deal with City of Prince George

A 128-unit, four-storey seniors housing complex being proposed at 4500 Ospika Blvd., near the intersection of Ospika and Tyner Boulevards, appears to be in violation of an agreement between the developer and the City of Prince George.

A covenant agreement attached to the purchase agreement says: "The Covenantor will commence construction of the proposed student housing project upon the Property and will have completed framing on or before 24 months following the completion of the purchase of the lands." Under the covenant agreement, if The Hub Collection is "in breach or default of any of the material covenants or agreements," in the deal, the City of Prince George has the "exclusive and irrevocable option" to purchase the land, including all improvements, back for $485,000.

The City of Prince George’s Advisory Committee on Development Design was scheduled to review the proposed design for the facility during a meeting on Wednesday, which was cancelled.

Source: Education Headlines (educationheadlines.net)

What a ridiculous situation. If this all falls through are we stuck at looking at a mud pit? Re plant the trees and leave it be.

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Prince George gig workers invited to roundtable meetingRide sharing and food delivery drivers are asked to provide input on their work.
Source: PGCitizen - 🏆 65. / 51 Read more »

Former Edmonton Oilers coach helping Prince George CougarsFormer NHL bench boss from Fort St. James spent past three seasons as Edmonton Oilers associate coach
Source: PGCitizen - 🏆 65. / 51 Read more »

Prince George artist designs B.C. Reconciliation Awards paddleThe installation of the paddles also marks the call for 2023 Reconciliation Award nominees.
Source: PGCitizen - 🏆 65. / 51 Read more »

Canada's back in World Cup and Prince George will be watchingCanada has made the 32-team cut for the country’s second-ever FIFA World Cup and just like in 1986 the boys sporting the red maple leaf this week in Qatar are colossal underdogs.
Source: PGCitizen - 🏆 65. / 51 Read more »

BC Cancer Centre Celebrates 10 years in Prince George'It has been inspiring to see BC Cancer – Prince George become a leader in cancer research and care globally'
Source: PGCitizen - 🏆 65. / 51 Read more »

Prince George RCMP looking to identify break and enter suspectsSnacks, cigarettes, cigars and empty propane tanks stolen from gas station.
Source: PGCitizen - 🏆 65. / 51 Read more »