White Mountain sold to global investment firm
Assuming it doesn’t get side-railed, the White Mountain building in Elliot Lake will have a new owner by the end of the month. Eissa Group, an international investment firm, has bought the building for $200,000. Mayor Dan Marchisella says this is a good deal for the city because it means the money it normally spends on the city-owned asset can now be applied to other work in the 2017 budget. Marchisella says the current tenants don’t have to worry about being evicted because that’s not Eissa’s plan. He says if it can, it wants to bring new out-of-town tenants into White Mountain considering a lot of space gets freed up once the library moves out.