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Monday, 24 April 2000

Canada Regional Digest

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April 25, 2000

Scaled down convention proposal explored
The Ottawa Citizen, April 25

OTTAWA – Planners are developing a cheaper, less controversial proposal for expanding convention facilities at the Rideau Centre, scrapping plans to bury part of Colonel By Drive in a tunnel beneath a convention facility extending to the bank of the Rideau Canal. A revised proposal – one that will cost far less than the original $150 million Canadian dollars (US$102 million) estimate – is due to be completed in the next few days.

Agency may seek to freeze land deals
The Toronto Star, April 25

ONTARIO – Ontario Realty Corp. will likely seek a court order soon to freeze property it has sold to P. Gabriele & Sons and related companies. The agency issued the brief lawsuit after its investigators uncovered evidence of alleged fraud in connection with a series of environmental cleanup contracts. A Gabriele company is also at the center of allegations concerning bid rigging on a cleanup contract it won in the Pickering area and subsequent failure to finish the job.


“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Additional Info

  • Syndicate to Realpoint: No
  • Subject: Canada Digest (CANDIG)
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