Municipal Property on Seymour Street is going to change hands.

North Bay City Council made it official this week.

The new owners will be Grant Castle Corp.

“It’s a formula with a gas station, with the convenience store with, in this case, an A&W,” said Councillor Derek Shogren.

He says it’s a good deal, even if some may speculate about what they would’ve liked to have seen built there.

“Why didn’t we put in a Red Lobster or a Keg there? We offer the land for sale and everybody had a chance to bid on it. That bid came in at significantly more than we appraised it so the citizens got good value for that property,” Shogren says.

The land was sold for $1.6-million.

Filed under: Seymour Street