Kensington Legion forced to sell building, close pub due to financial challenges yyc yycbiz
The Royal Canadian Legion No. 264’s restaurant is closed and the branch has finalized the sale of its 1918 Kensington Road building. Following some financial challenges keeping up with the building’s expenses, it has signed on to a 50-year lease with the new owners.Sign up to receive daily headline news from the Calgary SUN, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
But the commercial spaces meant the legion had to pay property taxes, an expense local branches are often partially or fully exempt from under provincial rules. The Kensington legion saw a few tenants move in before 2020, but the pandemic also caused problems for the tenants. Pentney said one tenant was a wedding venue, which saw mass cancellations and loss of revenue due to pandemic restrictions in 2020.
“We’ve been engaged with the legion for the last few months, talking about the financial state they’re in. We talked about a number of things including providing tax relief,” said Wong.Article content
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kensington Legion sells building, shuts down pub due to financial challengesMounting property taxes alongside few tenants and COVID\u002Drelated challenges forced the Kensington Legion to sell.
Read more »
Granites back in Kensington as members of West Prince Senior Hockey League | SaltWireKENSINGTON, P.E.I. — Senior hockey returned to Kensington with a bang on Jan. 14. The Kensington Granites, the newest entry in the West Prince Senior ...
Read more »
'We literally ran out of money': Calgary Legion forced to close pub, sell buildingIt was supposed to be a model for Legions across Canada but, six years after it opened, the Royal Canadian Legion No. 264, known locally as the Kensington Legion, has closed its public restaurant and bar and sold its building, becoming a tenant in the property it once owned.
Read more »
'Bold' plan to expand private surgeries amid mounting concerns, announced by Ontario“A lot of people want to have endless debates about who should provide care. All I care about, all Minister Jones cares about, all our government cares about, is that you get the care you need safely and quickly.\u0022
Read more »
Canadian medic killed in Ukraine mourned by Foreign Legion, familyCanadian Gregory Tsekhmistrenko is being mourned by his family after being killed while serving as a medic as part of the Ukrainian Foreign Legion.
Read more »
Ontario announces 'bold' plan to expand private surgeries amid mounting concerns“A lot of people want to have endless debates about who should provide care. All I care about, all Minister Jones cares about, all our government cares about, is that you get the care you need safely and quickly.\u0022
Read more »