The former courthouse and jail building along 3rd Avenue East in Owen Sound again belongs to the City after a failed redevelopment plan by Southbridge Care Homes.
Council on Monday approved a motion to purchase the ageing structure for $10, as per a "limited buyback notice" with Southbridge.
As you may know, the Cambridge-based firm paid $10 for the courthouse in May of 2015 and had planned to convert the building into a long-term care facility.
In a statement on March 4th, Southbridge CEO Keith McIntosh said "the courthouse location was too constrictive" to accommodate expansion.
Mayor of Owen Sound, Ian Boddy, tells Bayshore Broadcasting News the property has potential and he's confident another developer will express an interest.
Boddy, however, concedes that he isn't aware of any offers at the moment.
The Tom Thomson Art Gallery was interested in the former courthouse prior to the Southbridge purchase, but the Board hasn't resubmitted its proposal to City Hall.
City Manager, Wayne Ritchie, says Monday's motion was merely a housekeeping issue that required Council's approval.