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Council rejects pricing for Rainbow seniors housing

RMOW will build project; MAC president, Rainbow developer surprised by 11th hour change in direction



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Prices start at $269,900 for a 600 square foot unit and go to $835,000 for a 1,600 plus square foot unit.

Occupancy is planned for the fall/winter 2011/2012.

"I know that members of council have the very best of intentions, as they hope to find alternative ways to deliver some less expensive housing on Lot 10," said Leidal. "I wish them success, and we at MAC look forward to being part of that process. In the meantime I understand that the Innovation Building Group is prepared to proceed with the remainder of the development on Lot 11, and it is my hope that this project will also reach a successful conclusion."