LCBO Cooper Street campus
The Liquor Control Board of Ontario maintains a Cooper Street campus in downtown Toronto.[1][2] In February 2012, when nearby properties began to be redeveloped as expensive lake-front condos the Province of Ontario began to consider selling the property. In September 2014 the Liquor Control Board of Ontario announced plans to sell the Cooper Street campus for as much as $200 million Canadian dollars.
The campus is 11 acres.[1] The campus contains a large warehouse, the LCBO's corporate headquarter's and one of its largest stores.[2] Critics questioned why a warehouse, that could be located anywhere, should sit on some of the most expensive real estate in the city. The government's invitation to tender requires buyers to incorporate a large LCBO outlet into whatever structure they build.
References
- ↑ 1.0 1.1 Rob Ferguson (2012-02-13). "Drummond Report: Ontario to sell downtown LCBO warehouse and HQ". Toronto Star. Archived from the original on 2014-09-05. https://web.archive.org/web/20130605050812/http://www.thestar.com/news/canada/2012/02/13/drummond_report_ontario_to_sell_downtown_lcbo_warehouse_and_hq.html. Retrieved 2014-09-04. "“Why would you a have a distribution warehouse on some of the most expensive real estate in the country?” he asked, promising a “flagship” liquor store would remain in the area with head office and warehouse operations likely moved."
- ↑ 2.0 2.1 Rob Ferguson (2014-09-04). "LCBO’s prime downtown Toronto land near the lake for sale". Toronto Star. Archived from the original on 2014-09-05. https://web.archive.org/web/20140905025320/http://www.thestar.com/news/canada/2014/09/04/lcbos_prime_downtown_land_near_the_lake_for_sale.html. Retrieved 2014-09-04. "After years of talk, the Ontario government has finally hung a For Sale sign on the waterfront LCBO lands, setting the stage for the rejuvenation of a prime downtown locale just east of Yonge St. The 11-acre parcel, sandwiched between the Toronto Star building and the Loblaws store on Queens Quay, is expected to fetch at least $200 million, with proceeds promised for public transit expansion."
