Comments on: River Landing Village delayed again: Star Phoenix http://teamfisher.com/river-landing-village-delayed-again-star-phoenix/ We're bringing Saskatoon real estate to life Tue, 22 May 2012 16:41:18 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Anonymous Says http://teamfisher.com/river-landing-village-delayed-again-star-phoenix/#comment-2593 Anonymous Says Sat, 27 Jun 2009 06:02:10 +0000 http://www.teamfisher.com/?p=3952#comment-2593 There sure are a lot of condos for sale in Saskatoon. Dumbfounding that they cost as much as a starter house, or a luxury house = luxury condo in price. There sure are a lot of condos for sale in Saskatoon. Dumbfounding that they cost as much as a starter house, or a luxury house = luxury condo in price.

]]> By: Jason http://teamfisher.com/river-landing-village-delayed-again-star-phoenix/#comment-2592 Jason Wed, 24 Jun 2009 19:58:50 +0000 http://www.teamfisher.com/?p=3952#comment-2592 We'll apparently find out for sure August 17 (deadline when Lake Placid has to deliver on the $4.55M for the land). That is, unless the city grants another extension. I found this blog which has some fairly extensive (and detailed) background on the River Landing Village project. http://owlsandroosters.blogspot.com/2009/03/river-landing-village-city-denies.html We’ll apparently find out for sure August 17 (deadline when Lake Placid has to deliver on the $4.55M for the land). That is, unless the city grants another extension. I found this blog which has some fairly extensive (and detailed) background on the River Landing Village project.
http://owlsandroosters.blogspot.com/2009/03/river-landing-village-city-denies.html

]]> By: James P. http://teamfisher.com/river-landing-village-delayed-again-star-phoenix/#comment-2591 James P. Tue, 23 Jun 2009 21:41:04 +0000 http://www.teamfisher.com/?p=3952#comment-2591 This is not surprising at all. Jason, thanks for the new stories. I've been following this one closely since its inception, and I knew from the get-go that this was a pipe dream. I'll eat my hat if that project ever gets built. This is not surprising at all.

Jason, thanks for the new stories. I’ve been following this one closely since its inception, and I knew from the get-go that this was a pipe dream. I’ll eat my hat if that project ever gets built.

]]> By: Jason http://teamfisher.com/river-landing-village-delayed-again-star-phoenix/#comment-2590 Jason Sun, 21 Jun 2009 02:04:36 +0000 http://www.teamfisher.com/?p=3952#comment-2590 Seems like this project is DOA again due to financing issues. I can't imagine that the lending environment will have significantly improved in 6-12 months time. Norm, do you know if the sales presentation for June 26 advertised in the most recent Homes&Land is still on? :) <b>Developer seeks extension on deal to begin River Landing complex</b>, 20-June "The fact that they're requesting this extension is positive. There are financing difficulties that weren't anticipated. . . . I can't imagine how difficult it is to get financing right now." <b>'Strata legislation' passed</b>, 2-May "The legislation needed to move forward with two of the biggest private developments in the province, both slated for downtown Saskatoon, was passed this week. Lake Placid Developments CEO Michael Lobsinger has told the city his company has secured financing on his $200-million-plus Urban Village at River Landing. Construction on that project is expected to start soon." <b>Construction Delay</b>, 12-March "Lake Placid Developments CEO Michael Lobsinger has told the city his company has secured financing on his $200-million-plus Urban Village. But both projects need a change in legislation that would introduce "strata" land titles to allow for separate condo corporations to operate on the same site." <b>River Landing complex going ahead despite missed deadline</b>, 10-Jan "'We are moving forward,' Lobsinger said. 'There’s a lot of people looking at Saskatoon and there’s a lot of interest even outside Canada. We’re not too worried.'" <b><i>Posted on TeamFisher...</i></b>, ?-January In response to posts of rumours that the River Landing project is dead due to failure to obtain the necessary financing: "It takes time to amalgamate 5 pieces of property, and register title. Lake Placid is moving forward, and thanks all the supporters." Seems like this project is DOA again due to financing issues. I can’t imagine that the lending environment will have significantly improved in 6-12 months time. Norm, do you know if the sales presentation for June 26 advertised in the most recent Homes&Land is still on? :)

Developer seeks extension on deal to begin River Landing complex, 20-June
“The fact that they’re requesting this extension is positive. There are financing difficulties that weren’t anticipated. . . . I can’t imagine how difficult it is to get financing right now.”

‘Strata legislation’ passed, 2-May
“The legislation needed to move forward with two of the biggest private developments in the province, both slated for downtown Saskatoon, was passed this week. Lake Placid Developments CEO Michael Lobsinger has told the city his company has secured financing on his $200-million-plus Urban Village at River Landing. Construction on that project is expected to start soon.”

Construction Delay, 12-March
“Lake Placid Developments CEO Michael Lobsinger has told the city his company has secured financing on his $200-million-plus Urban Village. But both projects need a change in legislation that would introduce “strata” land titles to allow for separate condo corporations to operate on the same site.”

River Landing complex going ahead despite missed deadline, 10-Jan
“‘We are moving forward,’ Lobsinger said. ‘There’s a lot of people looking at Saskatoon and there’s a lot of interest even outside Canada. We’re not too worried.’”

Posted on TeamFisher…, ?-January
In response to posts of rumours that the River Landing project is dead due to failure to obtain the necessary financing: “It takes time to amalgamate 5 pieces of property, and register title. Lake Placid is moving forward, and thanks all the supporters.”

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