Thunder Bay waterfront hotel on track
Liens on one condo building lifted; developer working on resolving others
The proposed hotel along Thunder Bay's waterfront is going ahead, says the principal of the ReSolve Group.
Gisele MacDonald told a news conference Thursday that she wanted to quash any rumours that the project may have hit financial roadblocks, or may not be built as planned. But she admitted there have been some bumps along the road to getting the hotel built.
"There are liens on the property, but I think everyone knows with over $100 million project this is nothing that is abnormal in our development business." she said.
Renewed construction on the superstructure of the hotel should begin in September, she said, which is a slight delay from the proposed July date.
She said $4 million of work has already been completed on the foundation.
"We've been continuing to to work. Our drawings right now, I believe, we're at about fifty percent," she said.
"We've got a full day and evening of meetings today with everybody here. And, I'd say that we'd be in a position to get to the 66 percent drawings which allows us to be able to go forward."
Condominium issues
MacDonald said the second condominium building is still being worked on, with owners ready to move in shortly.
"The building that we're in right now, condo one which is Allure, the lien is actually off, it has been lifted. We're in the process of getting the second lien off which would be Aurora, and then we would be working on the hotel lien."
The lien on the first condo building was over $6 million. The lien on the second condo building was approximately $70,000.