In political life, we all stand to be corrected. However, Madam Speaker, I believe that the total assets were valued at somewhere around $330,000. It is my understanding that an arrangement was reached with the local cooperative that it would purchase the mall for approximately $250,000. There was an additional loan given by the Business Credit Corporation to allow them to turn this mall into a hotel because the facility they had in that area was one that dated back to the 1960s and 1970s. Thank you, Madam Speaker.
John Todd on Question 394-12(6): Sale Of Assets In Gjoa Haven
In the Legislative Assembly on November 9th, 1994. See this statement in context.
Further Return To Question 394-12(6): Sale Of Assets In Gjoa Haven
Question 394-12(6): Sale Of Assets In Gjoa Haven
Item 6: Oral Questions
November 8th, 1994
Page 879
John Todd Keewatin Central
See context to find out what was said next.