November 28, 2016 8:30 pm
Updated: November 29, 2016 7:20 am

Former Saskatoon police headquarters sale approved by city council

City councillors voted unanimously in favour of the $10.7 million sale of the old Saskatoon police headquarters on 4th Avenue to Duchuck Holdings Ltd.

Dayne Winter / Global News

Saskatoon city council approved Duchuck Holdings Ltd.’s purchase of the old Saskatoon police headquarters with a unanimous vote Monday.

The 40-year-old building on 4th Avenue North garnered a purchase price of $10.7 million.

READ MORE: Saskatoon police headquarters opens gender-neutral washroom

Duchuck Holdings has plans to turn the old station into a “best-in-class” office space.

Council also approved a five-year tax abatement of the full taxes on the building site. The incentive is subject to the completion of a renovation or redevelopment of the property allowing for a new use.

City administration considered the deal to be fair and reasonable in light of the current market in Saskatoon, according to a report to council.

The parking lot next to the building is included in the sale. An office tower with underground parking is planned for the space.

© 2016 Global News, a division of Corus Entertainment Inc.

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