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Wednesday, February 3, 2010

Local Real Estate Board President not alarmed over scrapped Long Wharf plans

The President of the Saint John Real Estate Board is not sounding the alarm over the Fort Reliance's decision to scrap its plans for Long Wharf.

Peter Pappas tells CHSJ News that last year's news from Irving Oil was more impactful.
He says it's a disappointment but, he says the cancellation of plans for a second refinery
was worse news for the local real estate market.
Pappas adds he hopes this decision doesn't negatively impact any future development on the waterfront.