Hoyles-Escasoni complex sold for $650K to lone bidder

A former nursing home in St. John's has been sold by government to a private company for $650,000.

The Department of Transportation and Works confirmed the sale of the Hoyles-Escasoni complex on Monday.

According to the department, there was only one bidder — Metro Environmental Ltd. — when public tenders closed in January of 2016.

An environmental site assessment has identified numerous hazardous materials in the building and contamination in the soil.

Metro specializes in remediation work, and in 2016 also purchased the former I.J. Samson Junior High School, valued at $2 million, for $189,000.

Transportation and Works Minister Al Hawkins said the cost to government to demolish the Hoyles-Escasoni complex would have been $4 million.

He said the government will also save $100,000 annually in maintenance costs.

The long-term care home closed in 2014, when the government opened a new facility in Pleasantville.