Quigg group, Bear Mountain settle legal differences
Posted by Steven Hurdle on March 10, 2008
Perhaps this news story should read: “Quigg group, Bear Mountain settle legal differences SAYS LEN BARRIE”. I think it’s interesting that we always hear this from Len Barrie’s perspective. As a result we know little about how upset with the Bear Mountain Master Partnership that Quigg was (or even why, except for what was mentioned in their legal filings and we can’t be certain that’s a complete list). At this point we know nothing about what was offered to Quigg to make them happy again. The increase in density is interesting, especially since media reports haven’t indicated that Langford Council was part of the decision to increase density by another 200 units. Aren’t these decisions usually made by our city councillors, not the developers? That seems like something worth looking into.
- Steven Hurdle -
====================================
Quigg group, Bear Mountain settle legal differences
Times Colonist
Published: Sunday, March 09, 2008
Bear Mountain and the Quigg Development group have settled their legal disagreement.
Quigg, which plans a multi-tower $1.4-billion condominium project at Bear Mountain, late last month launched a lawsuit alleging the company had been misled about the pace of development at the resort, the placement of a reservoir and the sale price of some of the units.
The two sides now say they’ve resolved the dispute to their mutual satisfaction.
It came down to miscommunication and a desire from both sides to tighten the wording of the agreements to alleviate any uncertainty,” said Len Barrie, Bear Mountain CEO.
The negotiations also saw Quigg’s stake in Bear Mountain increase. Quigg had originally planned to build 1,050 units.
That has now been increased by 200 to 1,250 units.
© Times Colonist (Victoria) 2008
