The group that is looking to turn the former St. Vincent’s high school in the Waterloo Village into a mixed-income housing complex has decided to shelve the project for now.
Kevin Mcdonald is with the non-profit group St. Vincent’s Apartments Inc. that was looking to do the project. He tells CHSJ News it has just become too costly right now with a price tag of more than $12-million.
“There’s a heavy cost because of course of all the old contaminants that are in there and that would cost a million just to get those out, the asbetos and the pipes and the rest of it,” says McDonald.
“Finally, we made a sensible decision I guess, and a financial one to move on.”
Instead, Mcdonald says they are looking at new project to be be built from the ground up on the vacant convent land adjacent to the school.
This new project would have a total cost of 50-percent less that the original project and have all the required components.
“A like development which would in fact contain housing, which will contain an early education centre and which will contain a community room,” says McDonald.
