Smiths Falls

RRC sale is nearing completion

Posted May 26, 2011 By EMC News

A spokesperson from the Ontario Realty Corporation (ORC) has confirmed that progress is being made in the sale of the former Rideau Regional Centre.

"We do have a preferred prospect that's been selected," said Jeff Giffin, ORC spokesperson.

There is no timeline as to when a completed sale agreement would be signed, but work to reach this point is under way.

"It certainly has been a co-operative effort," Giffin said.

The prospective owner was selected following a competitive Request for Proposal process.

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