Looks like the lawsuit has been resolved in favour of Remington, but what lands do they actually still own there and is the development dead or can some form go ahead on the lands they still own?
CPR had agreed to sell three parcels of land to Remington in November 2002, bordering the rail line between 9 and 10 Ave. S.E.
calgaryherald.com
Judge orders $163 million in damages to developer that planned to build 'Rail Town' on CPR lands
CPR had agreed to sell three parcels of land to Remington in November 2002, bordering the rail line between 9 and 10 Ave. S.E
Author of the article:
Kevin Martin
Publishing date:
Oct 27, 2022
Calgary-based Remington Development Corp. is entitled to $163.7 million in damages over a contract breach that prevented it from constructing Rail Town north of the Stampede grounds, a judge has ruled.
In a 200-page decision released Thursday, Court of King’s Bench Justice Alice Woolley said Canadian Pacific Railway breached its contract with Remington and the province induced that breach…..