The City of Sault Ste. Marie has finally found a buyer for the land where The Dime Nightclub (also known as Studio 10) caught fire just before midnight on Feb. 11, 2019.
City councillors will learn next week that the now-vacant property on Hudson St. is to be sold to a developer named Raising the Roof Chez Toit.
“I’m happy to report that the city is selling the Studio 10 property at 89 Hudson St. for $350,000, which you may recall is what was paid for it a number of years ago,” says Mayor Matthew Shoemaker.
“There is going to be quite a development on that site,” Shoemaker said on a social media post.
“Eighty units, half of them affordable. They’re paying full price for the property back, plus a commitment on the development timeframe for those units.
“So that will be a good news story in terms of housing stats …. as well as the number of affordable units that will be developed, as well as the amount of money that will be coming back to the city.
“So a win, win, win there for sure. And there are a couple of other [nearby] properties that are also being sold that we’ll see units developed on them,” the mayor said.
When it was destroyed by fire seven years, the Dime/Studio 10 was Sault Ste. Marie’s only adult entertainment venue.
A 60-year-old male, was transported from the fire scene to hospital with associated injuries.
He later succumbed to those injuries.
Additional information is currently being added to this breaking news story.