CALGARY- The fate of a former hotel occupying some prime real estate will be discussed by city council this week.
The Cecil Hotel near the 4th Avenue flyover was built in 1911, and was purchased by the city in 2009 for about $10 million.
The derelict property has been sitting vacant ever since, and the mayor says there is little historical value that would justify keeping it.
“It has been renovated and gutted so many times that there’s very little historical value to it anymore,” says Mayor Naheed Nenshi. “I do want to keep that sign, which I think is something.”
A report going to committee on Thursday says the city also recommends getting rid of the hotel. It is possible the property could be transferred or sold to the East Village, and the Calgary Municipal Land Corporation says the building could fit into its master plan for the area.