The city of Hamilton is considering the sale of the downtown property that Jackson Square sits on. City staff are hoping to get permission to negotiate with the mall’s owner, Yale Properties, about a potential sale at today’s meeting of the general issues committee.Yale Properties currently has 56 years left on its lease for the downtown property and is looking to add additional 50 years to the deal, but says they are open to talks about buying the property entirely. The mall’s owner says it needs to extend its lease to justify the recent and future renovations for Jackson Square.The city and Yale have been in talks for several months. According to a report last fall, Yale cited numerous problems with the building that required a complete overhaul, which in turn was an chance to redesign parts of the mall.The nearly 400,000 square foot mall spans two blocks along King St W between James and Bay street. In recent years Jackson Square has added the Anchor Bar and Nations Fresh Foods.Yale Properties says the renovations are long-term investments and need a longer lease term to spread the cost over a longer period.The GIC meeting will be held at 9:30 this morning.Editor’s Note: An earlier version of this post incorrectly stated the meeting start time as 9 o’clock. This has been corrected. read more


first_img Yes, it should be abolished (2080) THE GOVERNMENT HAS just announced plans for a referendum on whether the Seanad kept or abolished.Minister Simon Coveney argued this morning that a country the size of Ireland does not need two chambers and that its abolition would move the country toward an “international norm”.However, opponents of the proposal believe the upper house is necessary to provide checks and balances on those in power.What side of the debate are you on? How will you vote in the Seanad referendum? Yes, it should be abolishedNo, it should be keptVote No, it should be kept (3848) Poll Results:last_img