Comment 83408

By Robert D (anonymous) | Posted December 03, 2012 at 22:10:07 in reply to Comment 83404

I'm not sure I agree with you that a smart developer and potential investors would have known that risk.

It's hard to predict what the city might throw at you, and city hall's bureaucracy seems particularly unaccommodating compared to what developers can get away with in Toronto.

As for investors, why should they stick around and be in there for a long run? One of the partners was an investment firm, they have money to make, and have other opportunities to invest their cash. Why would they sit on their hands for another year and wait for the city to sort things out?

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