RICHMOND, B.C. — Amid a sharp downturn in condominium sales to foreign investors in British Columbia, one of Canada’s largest private mortgage lenders is facing a reckoning over a stalled megaproject in Richmond.
If I read the article correctly, the project had $512M in the bank - about 2/3 of the total budget - which they blew through digging a hole in the ground. Sounds like everyone was lining their pockets.
TMX has inspired new lows in the construction industry.
I think it also shows our judicial system needs an over haul. The continuous litigation with opposite out comes seems dubious at best and questionable in the least.
If I read the article correctly, the project had $512M in the bank - about 2/3 of the total budget - which they blew through digging a hole in the ground. Sounds like everyone was lining their pockets.
TMX has inspired new lows in the construction industry.
I think it also shows our judicial system needs an over haul. The continuous litigation with opposite out comes seems dubious at best and questionable in the least.
Which political actors are involved. I'll bet I can name a few.
I'm confused as to how the BC court of appeal could overturn a decision by the BC Supreme Court.
I was wondering the same thing.