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Waterloo Chronicle (Waterloo, On1868), 11 Jul 2001, p. 2

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"BEAM BEDDING" Mon - Fri, 1000-530 pm; Sal. l0‘00l100 pm CallusharamEE EsTiAXEorvisaourFacturyotruetshowroom “a wuum ST. w. (Nat palm.) Mai-moo 743-3219s All Sizes of Mattresses . Call Today? 664-2226 664-3400 or fax 664-3889 -azC.rc= - " 4U years In Dusmess -.... l (i-ij-ui-ttti' tocauvowuen :7. 15iiti...,.,. ii_--'-i",'i'i"'iifg,'i',',i"ii'i"i,"'i,i" ',i'if',i,t' umber "L,'l..lr1'..g,1'h'J1'ih'l',"ru,m, cr> Antique sized mattresses Foam mattresses for water beds . - - " IKEA and a gt (git: Mausser dl , » if 7“" furniture " Lug“ sized mattresses SUMWER FLOORING SPECIALS 3/4 x 3 1/4 BEEN NATURAL 25 YR WARRANTY 3/4 It 3 1/4 OAK sun STOCK MADAWASKA M.SS s4.59 0123-941 0128-050 40 years in business SUPER DEAL 3/4 lt 2 1/4 SOUR CHERRY NATURAL 34-29 " ft WEN DEM. 0127-997 " AS Sq. ft BRUCE 3/4 x 2 1/4 Gunmen OAK last month, First Gulf announced that due to a change in market demands since the deal was signed in 1999, as well as the difficulty the company has encoun- tered in securing anchor tenants for the develop- ment, the original design concept had to be scaled back. When the company purchased the Waterloo Town Square property and the former Seagram lands, the intention was to include a new movie theatre. book- store and libraryinthe rede- velopment process. Council turns down First Gulf's request for permit extension Continued from page 1 Those feamFes were to be 3/4 It 31/4 MAPLE BINNAMON MILL HUN $4149, Stl. n V 0128-133 _ 3/4 It 3 1/4 MAPLE COUNTRY GRADE 0128-133 rounded out by a large gro- cery store, as well as a num- her or storefront retailers along King Street. But given the scale-back, the company is now depending on a planned 60.000-square-foot Zehrs superstore on the south end of the Waterloo Town Square property. as well as Shoppers Drug Mart and two banks as their main occupants; and above and underground parking facilities will be built Discussions are also underway with a hotel chain to construct a new facility on Erb Street. behind Waterloo Maple, which would over- look the new Perimeter Institute. on Ge Waterloo Town Square property behind the proposed Lehrs site. _ David Gibson, president of First Gulf, told council the company is still committed to living up to its end of the bargain. . O Resident seemg red over green fees Continued (rampage! private course if I have to but can no longer afford it," H . t d t th t pay so much," he said. "lt Williams said. n e P038051); 'll'lfd sure won't beas busy." "Even though a father is co in the area are more Williams said the city already paying taxes on this ex e ive, and used the should have tried to match golf course, a round of golf Whistl Bear golf course in its rates with more afford- forhisfamily plus lunch and Cambridgeasanexample. able options, like Doon drinks or whatever would - A -- Tr..".... -" nan-m- “Ado-l. rue. AG,, (am Thank in" run! The public course charges $70 a round from Monday to Thursday, and $80 a round Friday through Sunday and on holidays. But Williams said the more affordable courses in the area outnumber the expensive facilities. 'rWe're not quitters. We "I might as well go to a believe in what we're doing" he said, adding the delay in action has nothing to do with a lack of motivation. Council agreed that even would if the deal is terminated Aug. any id l, talks between the city and such a First Gulf should continue, some t given the fact the company Pete, will still own Waterloo Town- "W "We are prepared to stay the course. We are in it for the longteg'm." A _ Under these circum- stances. a progress report on any discussions that take place after Aug. 1 would then be presented to council Oct, 15. However, the city would also be free to enter talks with competing develop- ment companies. "Any company that would put $15 million into a core has a great stake in what happens," commented Coun. Bruce Anderson. "We still have to involve our- selves in negotiations (with FirstGulfy" Needham added, "The Williams said the city should have tried to match its rates with more afford- able options, like Doon Valley golf course which charges $28 a round during the week. and $35 on week- ends. "Doon Valley includes Friday in their weekday rates," Williams added. "Waterloo's cheating by including Friday in the weekend." And if the city thinks it will be able to attract fami- lies to play together on the course, Williams said the group has another thing coming. "Golfing here would be comparable to a (father) wanting to take his kids to a Toronto Maple Leafs game, http: //Wtor.ed.ar0mes.com mm urn-"d u the I..." a M4 in mum“ or yield In e-I Mu 01ml Subml " null-billy lurk" nah II I Mud-I a. ll'mll .ud - I. mummy 6.043“ Due Jan. 30, 2006 Edw,ardJones' Seriutt [individual Invenlon om Member CIPF thil ttr stop by today! Dale Huber Westmount Place 50 Westmount Rd. N. Waterloo, ON. N2L 2R5 (519) 88b0988 city may be better served entering into discussions with other (companies). But we should keep the commu- nication lines with First Gulf open." Gibson said First Gulf would be willing to entertain any ideas the city may have, such as possibly giving back some of the former Seagram "We've worked too hard not to carry on," he said. "We are willing to be flexible to the agreement, I would hate to see all of the work we've put in go for naught." - Maior LynneNtroistem croft seemed to appreciate the company's Irrdifament. "it's a very difficult situa- tion when you try to redevel- op a core," she said. "Between around 1950 and 1985, 20 (development) agreements were put in place. It just goes to show that it's a huge undertaking. "It's going to take a lot-of energy still to redevelop this "Even though a father is already paying taxes on this golf course, a round of golf for his family plus lunch and drinks or whatever would cost him 5200. That's just not right." Williams said it would also be unfair for the city to use the excuse that Grey Silo will be higher quality than some other courses in the area, and therefore warrants more. expensive green fees, "I know the city is goihg to try to shave it down our throats that it's costing so much because it's a much better course," he said. "But it won't go over well. That's a guarantee. And I know a lot of my friends won't pay that much either. Not because we can't afford it, but because of the principle."

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