The business partners whose offer to purchase the Legion has been accepted have no immediate plans for development though they are having the building evaluated soon.
“We have a very interesting architect coming to visit in April to evaluate the building,” Vern Norbraten, president of Pay-N-Save Building Supplies Ltd., said.
However, though the Legion is undeniably an investment property, that wasn’t the primary reason he, along with his business partner, Art Collins, owner of Copper Eagle Enterprises and director of capital, maintenance and housing at Kwadacha Nation, have offered to purchase the property.
“My partner is a veteran,” Norbraten said. “He has a deep belief and trust the organization should be protected and saved. Our hearts are with the Legion and what they contribute.”
That belief combined with a passion for downtown development spurred the pair to invest in the city by purchasing the Legion.
“All the due diligence and time put in by city hall and IPG will come to fruition,” he said. “We’ve got a good city here. So much is happening in the next year. I think you will hear some amazing announcements soon.”
John Scott, past Legion president and chair of the committee trying to sell the property said he’s very happy with the offer, which the membership voted to accept.
The $650,000 offer will not only pay the bills but leave the organization a bit left over in the pot.
“And we get to stay one year rent-free,” he added. “That will give us some relief.”
During that time the organization will work to earn some money for a new home.
“Then, of course, we’ll have to find a new place to hang our hats.”
The parameters of the new place haven’t been defined yet, though Scott said it will certainly be much smaller, likely around 9,000 square feet.
“Whether we buy or lease remains to be seen,” he said. “This is a big relief. It was a huge debt hanging over our heads. I am happier. I can tell you that.”
Norbraten said the year the organization stays in the building will give him and his business partner time to decide on a next step.
“We have no development plans at this stage. It’s a project we’ll take a serious look at. We’ll see what we do.”
Now that the board has accepted the offer, which has been given the green light by Yukon Command, a few details need to be worked out before closing, specifically a list of clauses to meet the criteria of the purchaser, including a building inspection.