Thursday, November 13, 2014

Portland Hotel Society Sells Downtown Eastside Building To BC Housing


The interim board of the Portland Hotel Society, a non-profit group whose managers stepped down earlier this year as its finances were under review, has sold a landmark building in the group's portfolio for $2.3-million.

The sale is part on an ongoing overhaul of PHS, which gained renown for championing the Insite supervised injection site and other innovative social programs, along with running hundreds of units of housing, before the province seized control in March over financial concerns.

The sale is part of an ongoing review, PHS interim executive director Ted Bruce said on Wednesday.

tgam.ca/2TpC9KE via @globeandmail

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