As much as I hope the title to this post is wrong…it looks like the Bazis story may be coming to an end.  Details have surfaced from the court hearing that took place on Monday.  The Toronto Star reported the following: “Documents filed in court yesterday show Gold and his company, Bazis International of Kazakhstan, will sell the land on the southeast corner of Yonge and Bloor to an unnamed buyer. The buyer must make a “good faith deposit” as part of the land sale by next Wednesday, and the deal must close by Sept. 16. Several other conditions are attached, including a “due diligence” period for the unknown buyer to analyze the deal.” (Tower’s future up in the air as Yonge-Bloor site being sold by Kevin Donovan)Neither side is commenting on the matter so it’s anyone’s guess as to what will happen next!  In the mean time, have you ever wondered what the interest on a $46 million loan is? $242,823  That’s also what Bazis was ordered to pay on the current months interest!

I’ve been updating this story as it evolves.  Check out my latest updates by clicking here!!
I think its time to turn back to my regular scheduled blogging…If  you’re ready to take the next step in your real estate journey give me a call…i’d love to help!

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