An estimated $174 million was due to the impact of COVID-19. In 2019, the Canada Post Group of Companies reported a loss before tax of $23 million. Last week, in response to questions from the Star, Canada Post had this to say: “When selling property, Canada Post conducts an open and competitive process seeking fair market value as part of our long-standing mandate to remain financially viable.”Ĭanada Post has been selling historic properties across Canada as it struggles with declines in revenue from letters, bills, statements and direct mail. “The process has closed to bidding and we are evaluating the offers received at this time,” said Canada Post on Monday. Canada Post extended the deadline to July 23 to allow for more bids, but there is no indication that deadline will be further extended. The deadline for bids on the site was originally set for June 14. The community is backed by their city councillor, Ana Bailão (Davenport, Ward 9), and by their local MP, Liberal Julie Dzerowicz. “We’ve had in recent years a massive explosion in population and a massive decrease in public space.
And yet we’re being left out of the discussions for the future,” says Rose. “The value that is going to come from the sale of the land, potentially it’s going to be a value that we, the community, created. The loading dock would make a great outdoor stage, Rose points out. “We’ve dubbed it the back porch,” says Aislinn Rose, the artistic director of The Theatre Centre across the street, and part of a community effort to put the building to public use, instead of private interests. W., has become a gathering place for residents who want to save the building, in the process of being sold by the Crown corporation as it tries to raise money to stem a growing deficit. The loading dock behind the old Canada Post station at 1117 Queen St.
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