Owners of YellowknifeSA国际影视传媒檚 beleaguered Bellanca Building are in talks to tear down the 10-storey structure, the property manager tells Yellowknifer.

SA国际影视传媒淲eSA国际影视传媒檙e looking at the cost (of demolition),SA国际影视传媒� said McCOR property manager Darin Benoit Monday.

The building, located on 50 Street and erected in 1973, has sat vacant since 2012 -- meaning the building is losing money annually.

SA国际影视传媒淭he building is costing us probably about $350,000 a year in operating and taxes,SA国际影视传媒� Benoit told Yellowknifer.

In August, high winds stripped siding from the building, which fell to the ground below in a crumpled heap of steel.

But talks on the future of the building -- whether to leave it standing or not -- began well before last summerSA国际影视传媒檚 incident, said Benoit.

If the decision is made to tear the building down, it would have to be done floor by floor - an expensive process, he said.

Given the 60,000-square-foot BellancaSA国际影视传媒檚 close proximity to other buildings in the area -- such as offices, a restaurant and a clothing store -- Benoit said the undertaking would have to be done with SA国际影视传媒減recision.SA国际影视传媒�

He estimates the potential tear-down would take three to four months to complete.

Ultimately, said Benoit, the decision is up to the buildingSA国际影视传媒檚 owner, Toronto-based KingSett Capital. The company, which owns several other buildings in downtown Yellowknife, took ownership of the Bellanca in 2017.

Benoit couldn't given an estimate as to when the decision will be made, telling Yellowknifer it's up to the owners.