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Lighthouse contractor buys dwelling

The president of the company that was awarded the contract to restore the Point Abino lighthouse purchased the dwelling, but “one’s got nothing to do with the other.”

Vincent Brannigan of Phoenix Restoration Services of Toronto said the decision to buy the property is a personal matter and has “nothing to do with anything else.”

The Town received his offer to purchase the building for half the original asking price after a Town staff report was released that recommended cancelling the project.

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  1. Ron Leggett | Jun 8, 2011 | Reply

    Good for him maybe now he can see what a gem the lighthouse really is.Good to see someone bought it for their own use this is a great area.Good luck to you Vince

  2. rick | Jun 18, 2011 | Reply

    Just out of curiosity, why didn’t he offer to purchase it PRIOR to the recommendation that the project ne cancelled, and why was the offer accepted at half the appraised value? He may never live there but the purchase is great business sense. Write off the cost of the house against a million plus job. Then, once the lighthouse has been restored, sell the house for 3-5 times whathe aid for it.

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