The Shannondale (née Electrohome, 152 Shanley St) | 8 fl | U/C

[ijmorlan]

I'd be interested in understanding better why a property that seemed so difficult for the City to sell was lucrative as a private sale.  Does the City use profession commercial real estate people, or is it "do it yourself"?

Ya that's my thinking.  Why couldn't the city get what the owner got, or at least close

I think the City has to sell it using some very constrained auction process.

That being said, I still want to know what happens if the City tries to expropriate a property that is owing lots of taxes and contaminated to the point where the market value less taxes and cleanup costs is less than $0. They should be able to just confiscate it if they want. Don’t like it? Pay your taxes! (and clean up the ground)