Tonight, when Michael Lobsinger from Lake Placid Developments gives the City of Saskatoon a piece of his mind, it is also widely-expected that he will make a bid to keep his company's upscale River Landing Village development alive.
The Calgary-based developer is said to be making another pitch for Parcel Y, the prime piece of city-owned riverfront land that has been thrust once again into a state of limbo.
The company missed a final land payment deadline on October 30, 2009, which placed the property in the hands of the City of Saskatoon, thus terminating the land deal.
"Quite frankly, I don't know what he's going to say," said Mayor Don Atchison. "I hope that he has the money and would like to enter into discussions with us."
When the agreement was terminated on October 30, 2009, Lobsinger issued a news release stating that the company believed that funding could be in hand "shortly" and still wanted to be involved. The company claims that the international credit crunch led to problems getting money to Canada for the River Landing Village project and another condo project in Calgary.
As for the City of Saskatoon, they do not seem to know what to expect, yet.
Tonight, when Michael Lobsinger from Lake Placid Developments gives the City of Saskatoon a piece of his mind, it is also widely-expected that he will make a bid to keep his company's upscale River Landing Village development alive.
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