Phewwww that was close!! Looks like Bazis lives another day. The National Post (I wrote this post on Monday July 20th and the article i’ve linked to will be printed in the Tuesday paper, fyi just in case the timeline doesn’t make sense) is reporting a deal has been reached between the developer and it’s creditors, for now at least. Details are still sparse, but what is known is “Bazis still owns the property and no receiver has been appointed thus far.” As to what the company can actually do with the site (until court resumes August 18th,2009) is still unknown but more details should follow tomorrow.
I’ve been updating this story as it evolves. Check out my latest updates by clicking here!!
As always, check back often for updates!!