The B.C. government is continuing with its hotel-buying spree.
Today, it announced the purchase of the American Hotel a 928 Main Street.
According to a new release, the province paid $17.9 million for the property and an adjacent vacant site at 938 Main Street.
“Housing is the foundation of peoples’ lives, and we’ve seen that our supportive housing model works in helping people transition to the next chapter in their story,” Municipal Affairs and Housing Minister Selina Robinson said. “These homes will provide another safe, secure and supportive option for people as they move forward in their journey to independent living.”
In recent years, it’s also been home to the Electric Owl dance club, theatre, and cabaret. Not far away, the B.C. government and Providence Health Care have teamed up on a new $1.9-billion St. Paul’s Hospital construction project.
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