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According to my friends in the industrry, Tricon was also involved in both phases of College Park, Murano, 100 Yorkville, etc. He says that they have been the money behind many of the major projects downtown for the last number of years. Sounds promising for the future of the site.

Walt - just read your previous posts and most of your facts are correct. What isn't correct is that if/when the existing land loan goes into default, the property will be subject to foreclosure by the lender like so many projects in the US and BC have. Once that happens, all bets are off...

They may own the land but I guarantee there is a land loan

Agreed the sale was amended to take account of the Lehman bankruptcy - but what if Bazis defaults on their land loans and all of a sudden somebody else owns the One Bloor site - if the city sells the lane to Bazis then all of a sudden the new owner of One Bloor can't build the project because...

What is the city thinking in allowing Bazis to purchase this land when they've done nothing to prove that they can get this project built. All we've heard for months is how their financing is coming any day now and construction is about to start but after months and months of this should we...