Wow!
Even though it took almost two decades to make the deal happen, The City of Kingston just swung an incredible deal for the waterfront basin property.
Not only do they get the property valued at $6.5 Millon for just $2, but they also reduce their budget expense of paying rent on the property, which saves 20% of the income the property produces: around $80K last year, and more than double that before the pandemic started.
Get the full details from the global news post here
Posted in Kingston News