Volume 91, Issue 85
Wednesday, March 11, 1998
home and dry
Bargain hunting: Admin strikes deal with residents
By Brendan Howe
HOME SWEET HOME. Western's administration agreed to buy the property of 33 Tower Lane (above) after legal negotiations.
Ken McGill, lawyer for the owners of 33 Tower Lane, would not disclose the price of the agreement but estimates from neighbours on the value of the property have ranged from $200,000 to $250,000.
Meghan Symsyk, University Students' Council VP-student affairs, said she wondered where the university was getting the money for this. "Everyone's being told the well has run dry."
This is not an expenditure by the university but a case of putting some money aside, Mercer said, adding the university has an operating budget of hundreds of millions of dollars. "At any given point in time the university has money it hasn't committed to certain matters."
Casselman was also concerned about the university's timing in letting people know about their intentions to buy the house. He said there is a feeling of bad faith among neighbours because this was kept quiet when the residents met with the university. "They made nothing possible until the last possible moment."
He also said neighbours are concerned about the street turning into a party zone if the house is rented out to students. Students currently rent some of the houses on the street.
Mercer said they would rent it out to whoever wanted to live there, such as temporary professors coming to Western. He noted there would be some consideration to who rents the house, however. "We're not going to rent it out to a chapter of the local motorcycle club."
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Copyright © The Gazette 1998