Friday, December 7, 2007

Mill Street Apartment Building Welland, Ontario

The affordable Housing Apartment site that sits on Mill street has been like that for many months as I recall writing about it being closed a few months ago and now it is being scrutinized??? This is like closing the barn door after the horse has been stolen.
The estimate on this building was pegged at $5 million dollars. The contractor was able to obtain $1,799,000.00 combined from the province, the federal government, the Region of Niagara and the City of Welland leaving the contractor responsible for the balance of $3,200,991.00. When a building shuts down like this one has the first thing one should be doing is to find out if the trades and suppliers have been paid and are there any liens on the building. If it is found the trades and suppliers have not been paid and there are liens there is a serious problem. These functions should be carried out as soon as it was noticed construction had stopped on the building. The question is "Were they?"

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