Yes. DSSAB uses it until it needs an input of cash. An input of a lot of cash. Then they dump it back to the City of Thunder Bay. Now we own it. Actually, we always owned it.
Ownership has its privileges. The privilege of maintaining the things you own.
Maybe those 60 plus residents that are getting kicked out of the Royal Edward Arms can live in the brand spanking new TBDSSAB HQ?
Now with the new site as their home, a little less than half of the total project cost of $13.5 million dollars, is actually being financed over a twenty year period at a very favourable finance rate of 2.3 percent, which over a period of time, is a huge saving and investment. – Thunder Bay Business
Money is no object for DSSAB. Not when its spent on DSSAB employees.