The Ontario government is putting one of Sault Ste. Marie's landmark buildings, Roberta Bondar Place, up for sale.
Whoever buys these properties will inherit government tenants. In a Jan. 15 news release from the Ministry of Infrastructure, the plan is to sell and lease back nine government buildings.
As part of its deficit-reduction plan, the government said the sale and leaseback should generate as much as $500 million in revenue and a savings of almost $300 million over the next 25 to 30 years.
With 265,000-square-feet of space, Bondar Place, built in 1991, is home to various ministries including Natural Resources, Northern Development and Mines, Transportation, and the Ontario Lottery and Gaming Corporation.