Toronto Concord Sky | 299m | 85s | Concord Adex | Kohn Pedersen Fox
- Thread starter greenleaf
- Start date
dav
New Member
My pleasure! Just wanted to keep people informed when they have invested so much into this project. I hope this gives everyone some closure for now.
Start Fox
Active Member
dav
New Member
Thank you for clarifying. It seems that the document I was referring to is indeed a draft order.
Bulloch
New Member
No that just proves bigger fish will eat injured smaller fish first and it can swallow it quicker
cd concept
Senior Member
It's sad to see Koop's put this project on hold again on the Toronto's skyscraperpage illustration page bummer! If it's not in construction or built it won't show up on the page unless you do it yourself. And it was nice to see three towers that are surpassing the BMO tower on the page!
Koops65
Senior Member
I had to. There looked to be some movement a few weeks ago, but there has been nothing since then. Give it time...
cd concept
Senior Member
We understand! And thanks again for your up to date illustrations on Toronto's skyscraperpage. And as well as those mid size cities around the golden horseshoe too !
Koops65
Senior Member
You're very welcome!
Bulloch
New Member
YG Limited partnership YSL court file # CV-21-00661386-00CL Any info about YSL /Concord court decision today?
bilked
Senior Member
The trustee's website is quite up-to-date in terms of the available filings, orders, etc.:
YG Limited Partnership and YSL Residences Inc.
www.ksvadvisory.com
Bulloch
New Member
Thank you Concord lost approval in first round, one side court through a book on concord but kept their proposal still alive. it goes back to court July 09 read KSV advisory websiteThe trustee's website is quite up-to-date in terms of the available filings, orders, etc.:
YG Limited Partnership and YSL Residences Inc.
www.ksvadvisory.com
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Northern Light
Superstar
While correct............you're omitting all the juicy stuff.
First the disposition, verbatim:
Second, if you think paragraph 84 is harsh.............read the decision text..........
I think its fair to say the judge was 'not impressed'.
C-mac
Senior Member
If you cold kindly translate what this means it would be greatly appreciated....lol. Sounds to me like the whole thing is closed to being squashed, but is some kind of cat and mouse game that is usually played?
Northern Light
Superstar
With the appropriate caveat that I am not a lawyer, and this is merely a lay person's interpretation.........
The judge is asserting that he will not approve the takeover of the project by Concord, under the terms and conditions proposed.
The judge, in the text of the decision outlines some of the principle reasoning for that; the high-level gist of which is that he's not convinced the proposal, as formulated is sufficiently fair
to everyone who is owed money, for a variety of reasons.
Concord and Cresford now have a few days to consider whether to reformulate their proposal in such as a way as to address the concerns of the judge.
Should they manage that, it may be approved.
Should they stick by what they have, the project will likely go through the trusteeship process. The result of which, we can't know, in terms of what would go ahead and on what terms; but we can safely assume it would delay restart of construction in any form by many months, at the very least.
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There is a good deal more to it than that. But I would steer clear of trying to characterize the judge's remarks in any greater detail.
I think, even if you're not a lawyer or contractor, you can probably get the gist by reading the text of the judge's decision.