“We have an agreement to purchase the property – we don't have $4 million,” Kevin Barrett, co-founder of the trust, told CTV News Toronto Monday. “So, we're in the midst of a fairly aggressive fundraising and community investment campaign.”
“The thing about these kinds of purchases is that you have to be nimble, you have to be quick,” Dominique Russell, the trust’s other co-founder, added. “We submitted an offer for their asking price with an explanation that, while we may not be the highest offer, we're a community group interested in preserving the legacy of those buildings,” Barrett said. “We hoped that they'll look favorably on our offer and they did.”
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