REGINA --
Regina city council is requesting a private meeting with a group of developers looking to buy 1971 Albert St., the former site of the failed Capital Pointe project.
Smith Street Lands Ltd, which includes lawyer Tony Merchant, wants to purchase the site by Jan. 18, 2021. The group is asking the City to eliminate the approximately $692,000 in property tax penalties left over from the former developer. A group representative said it will cancel the purchasing process if the city does not eliminate the penalties.
The group offers to pay around $2.25 million dollars to cover the cost to backfill the site and the several years of property tax arrears.