Carbonleo wants gov’t handout for Royalmount
Carbonleo has put Royalmount on pause for six months and now wants government handouts or cheap loans to continue developing it, especially now that retail has basically collapsed.
Note that they specifically mention funding for the pedestrian passage that’s meant to link de la Savane metro to the complex (and reduce the necessity to drive to it): doubts about the project partly clustered around how it would (if successful) attract more motor traffic to an already congested highway crossing, so there was pressure to make it more accessible by public transit. It was framed as a gracious concession when they initially agreed, so putting the passage up front for public funding suggests it’s something they always felt was dispensable.
If nothing else good comes out of the pandemic, sparing Montreal this 20th‑century glitzbucket horrorshow would be a blessing.
Robert H 12:40 on 2020-05-23 Permalink
« Chez Carbonleo, on rétorque que le coussin financier prévu pour les contingences est en mesure d’absorber la note. Son partenaire financier L Catterton, lié à LVMH (Moët Hennessy Louis Vuitton), est toujours à ses côtés.»
Bien, envoie la facture à L Catterton.
Comme Christian Savard a dit: « Le modèle d’affaires sur lequel repose un projet comme Royalmount ne tient plus la route…»
Pas un sou, quel incroyable putain de nerf!
qatzelok 17:50 on 2020-05-23 Permalink
This mega-mall would be in the same air-scape as the TMR senior’s residence where a third of the residents died.
Should people over 60 be barred from the mall if it ever opens?
Another possible problem is that the site is probably contaminated with too much cornona virus resin and probably needs extreme decontamination.
Uatu 14:23 on 2020-05-24 Permalink
“Should people over 60 be barred from the mall if it ever opens?” – then there would be no mall since its main clientele would be moneyed boomers from TMR. They’re the only ones with the time and disposable incomes. Most people under 50 have no interest in going to a mall….