(the "Manager") has taken the initiative in creating the Company and acts as the Company's administrator and is responsible to source and advise with respect to all investments for the Company. At the same time, the public structure also allows the Company to focus its efforts on maximizing long-term performance through a portfolio of high growth businesses, which are not widely available to most Canadian investors. Through Stack Capital, shareholders have the opportunity to gain exposure to the diversified private investment portfolio participate in the private market and have liquidity due to the listing of the Common Shares and Warrants on the TSX. Stack Capital is an investment holding company and its business objective is to invest in equity, debt and/or other securities of growth-to-late-stage private businesses. To access a copy of the Hopper announcement please click here. “The ‘Flights on Uber’ initiative helps round out Uber’s travel platform in the UK and, at the same time, provides Uber apps users with better choice and flexibility when booking flights – a win/win for both Uber and its app users.” And ultimately it’s not something that anybody wants to be dealing with,” Kimpson said.“This partnership with Uber in the UK clearly illustrates Hopper’s ability to seamlessly integrate its travel inventory and fintech products into any travel ecosystem”, said Jeff Parks, CEO of Stack Capital. “So that could be additional costs, additional delay. “The current owners had undergone an archaeological study last summer and they had been working in conjunction with the planning department, building department, heritage - all of the different departments at the City of Cambridge to come up with a new development that was really going to breathe new life into our Preston downtown,” Kimpson said. Plans were underway to revitalize the area. (Hannah Schmidt/CTV Kitchener) REVITALIZATION PLANS ON HOLD?Īn online listing shows the building was up for sale with an asking price of $2.1 million. Signs for The Hopper nightclub were still visible on the building on Sunday, despite the venue having been closed since 2015. Some roads in the area are still closed for clean-up. “Rain, snow, sleet, fire – we put the blinders on and just keep going,” worker Karen Cochrane said.
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Meanwhile operations at Canada Post, which is also in the taped off area, are full steam ahead. On Monday, two businesses located directly beside The Hopper remain closed. The Hopper was located on the first floor. In 2015, flames ripped through the same building, displacing at least eight people who were living in a rooming house on the second floor. “There were some occupants inside the building and one that was seen leaving the building so we're treating it as suspicious at this time,” Eric Yates, chief fire prevention officer for Cambridge Fire said Saturday.Ī large fire in downtown Preston can be seen on Saturday, May 6, 2023. Officials say the building was vacant, but people had been seen inside. “That’s a little younger crowd than I’m – uh – up for.” “I never went to The Hopper,” one person watching the tear-down said. The demolition drew crowds to the intersection of King and Lowther Streets. “It’s certainly emotional to see it come down and to see it come down this way,” Cambridge Ward 3 Coun. It’s now at the centre of a suspicious fire investigation. The downtown Preston property most recently housed a dance club and sports bar, The Hopper, but has been shuttered since 2015.
A Cambridge landmark was reduced to rubble Monday as wrecking crews knocked down a 19th century building destroyed by fire on Saturday night.
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