Summerside, PE Real Estate News

The CEO of APM Group says he paid the province approximately $630,000 for the former Holland College building in Summerside and is prepared to spend anywhere from $300,000 to $900,000 or more on remedial work."We don't take possession until all the T's are crossed and the I's dotted,'' Tim Banks stressed in a phone interview from Portland, Maine.If a big chunk of the building is levelled the cost will rise toward the $900,000 threshold.That's because of the extensive work needed to remove asbestos from the building's ceiling. If a large part of the building, including its roof can be salvaged, much smaller amounts of asbestos, such as the material around piping, will need to be removed, said Banks.Many buildings on the Island - private, commercial and institutional - contain asbestos an...
Comments 0
Explore Summerside, PE
Summerside, PE Real Estate Professionals