WHAT BUILDING did the City sell to the private sector for $1 that every summer sees more than a 100,000 high-end visitors from around the world?
I’m referring to the CN Heritage Station and a few years ago, under the leadership of then Mayor Peter Milobar, City politicians voted 5/4 in favour of selling the station to the Culos Group, a Kelowna based development company owned by well-known local developer, Mike Culos. And the sale amount wasn’t a typo as the purchase price was just $1.
Jump forward a couple of years to today and Mr. Culos now has the CN Station and adjoining property up for sale for just over $2 million.
Bill McQuarrie is a Kamloops entrepreneur. He can be contacted at email@example.com. He tweets @bafflegabbed.