Uncertain future for Kitchener businesses following region's transit hub land deal
CTV
Business owners have questions about their impending relocation after being blindsided by the Region of Waterloo's $19.75 million property acquisition.
Businesses operating at 70 Victoria St N. in Kitchener have questions about their impending relocation after the recent sale of the property to the Region of Waterloo.
At a special council meeting on Tuesday, regional councillors approved the acquisition of the property at the corner of Duke and Victoria streets for $19.75 million. This sale is part of a comprehensive plan to redevelop the area into a new transit hub, which will feature a GO Train and VIA Rail station, along with connections to the LRT, Grand River Transit buses, and nearby multi-use trails.
Region of Waterloo Chair Karen Redman underscored the importance of the acquisition, stating: "This critical piece of land completes the real estate that we need in order to move forward."
However, the sale caught business owners within the plaza off guard, many of whom were unaware that the property was even on the market. Their knowledge of the sale came through word of mouth and news reports, leaving them feeling unprepared for their impending relocation.
Jessica Harrison, owner of The Cake Box, expressed her frustration with the lack of transparency surrounding the sale and its impact on her business.
"I need a timeline, not only for myself, but also for my staff and our contracts," said Harrison.
Last year she invested $15,000 to renovate The Cake Box and is concerned about the financial burden of an unexpected move.
