Posted Oct 12, 2017, 6:16 AM
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Registered User
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Join Date: Dec 2015
Posts: 15,650
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Quote:
Originally Posted by Changing City
The document you linked to says that Concord claim they sold half of the site to the City in 1999 at a price less than they paid, and lower than market value. That was their position: do you know if the City countered that claim, or whether the case has proceeded?
The sale to Pinnacle was in November last year, several months after Concord's claim. At that point Concord were still pursuing their claim, but it doesn't appear that stopped Pinnacle from agreeing to purchase the site.
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Well it was still active last November, nothing new that I've seen on it.
Quote:
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We’ll all be waiting to see what happens next. It was hard to get a lot of information from the city or councillors on this, since this had been discussed in camera, but it sounds like Pinnacle may have the option to back out of the sale at some future point. (That was my interpretation, anyway, of somewhat guarded remarks.)
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http://www.francesbula.com/uncategorized...-developer-promising-affordable-housing/
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