The City of Sainte-Thérèse will be buying back the land adjacent to the Cabaret BMO Sainte-Thérèse from the owners to whom it had been sold in fall of 2017. The project planned for this location unfortunately could not be realized, and the difficult economic situation brought by COVID-19 led to the purchase of the vacant land located at the corner of Forget and Turgeon streets by the City.
This transaction will be made at the same amount as that of the initial sale which had been set by external appraisers at a little less than 3 years ago at $ 115,000. The former owners will defray the costs associated with the buyback as well as the compensation for municipal taxes.
“This decision is in line with Sainte-Thérèse’s desire to continue to revitalize our Town and to offer a dynamic neighborhood to citizens, investors and visitors. We are convinced that a new project meeting the criteria and objectives of this sector will see the light of day,” declared the mayor, Sylvie Surprenant.
The land is located in the TOD (transit-oriented development) sector of Sainte-Thérèse, where it is considered a good environment to live, work and play featuring nearby public transport.