January 17, 2014 - 10:13 AM
PENTICTON - A Penticton councillor is only a few details away from owning the Royal Canadian Legion Hall.
John Vassilaki has agreed to buy the place with the stipulation the majority of the building's interior, about 483 square meters or 5,200 square feet, be used for Royal Canadian Legion activities. This will leave about 186 square meters or 2,000 square feet for Vassilaki to lease out to whoever needs the space.
The Legion's real estate agent approached the councillor last spring and Vassilaki said he was interested in buying it as it borders some of his own property. He's also happy Legion members and friends still have a place to go to.
Legion Branch president Murray Grandy said the profits from the impending sale of the building will help with its financial problems. Grandy wouldn't disclose how much the site will be sold for as there are still a few details to hammer out with Vassilaki. Grandy expects the deal to be completed soon.
Once the building is sold the Legion will begin making lease payments to Vassilaki.
Last year, Grandy said there was talk about coming out of the financial hole the Legion was in but several break-ins and damage made the situation worse.
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News from © InfoTel News Ltd, 2014