Parcel B (also known as the 'panhandle'), upon which sits the Elvis Stojko Arena and a park with a 200-metre-wide solar system art piece. The land upon which the arena was built was leased to the Town until the Town purchased the 'panhandle' lands in 2012. At the end of June 2008, the university completed the sale of both parcels of the property to Corsica Development Inc., a subsidiary of Metrus Development Inc. for $70 million, a lower price than expected. Observatory staff were laid off and faculty reassigned to the downtown St. George campus. The Town of Richmond Hill planned a hearing with the Conservation Review Board of Ontario to argue for protection of the western 48% of the property including the observatory buildings under the Ontario Heritage Act; at the hearing, the Richmond Hill Naturalists argued for 100% designation of the property, all the buildings and their contents, and the Observatory Hill Homeowners Association argued for the protection of the heritage woodlots and arboretums. Corsica Development Inc. was also represented before the CRB. Preliminary hearings took place on 3 September and 15 October 2008. Corsica Development Inc. is administered by Metrus in conjunction with The Conservatory Group and Marel Contracting. At the same time, the RASC-TC were selected over the DDOD to manage and operate the observatory. The Conservation Review Board hearing to determine the extent of the Cultural Heritage Landscape designation to be afforded to the Dunlap site took place in Richmond Hill between 15 to 23 January 2009, and the Board recommendation was published on 4 June. The Board recommended preservation of the observatory buildings and up to 80% of the property as a cultural heritage landscape. On 29 September 2009, Richmond Hill Town Council voted unanimously in favour of the designating by-law. The Town proceeded with a number of public meetings and reports in late 2009 to craft guidelines for the conservation, planning and design of the property. Corsica Development Inc. undertook an archaeological survey of the property. On 15 April 2010, stemming from an incident on the property in November 2009, Corsica Development Inc. pleaded guilty in York Region court to 17 counts of cutting a tree without a permit and was issued a fine of $44,880. The company also planted 100 new trees on the property as part of the judgment. In January 2009, Corsica published the website observatoryhill.ca describing the property, stating,