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Northern Ontario Watch
Former Timmins Ramada Inn sold for $13.8M
The Cochrane District Services Board sold the former Ramada Inn in Timmins for $13.8 million, netting a $2.9-million profit, with the proceeds go to the board's reserves. The board had bought it for a recovery hub, but funding never came. A seniors' residence plan also stalled. Board CAO Brian Marks sat down with CTV News to discuss the sale.