argus
Active Member
It's always been 100% clear that Mirvish was funding it.
Mirvish was paying to have Gehry design a 60,000 sqft venue.
Mirvish was supplying the art to put in it
Mirvish was providing access to this gallery to the public free of charge
Now, this does not preclude there being private/corporate partners/funding, or as a non-profit, from getting tax benefits/funding in the future.
So which one is it? Would Mirvish being paying, for example, the salaries of the staff and the maintenance fees for this free gallery? Would it be corporations? Would it be condo fees from the towers?
Your own answer underscores what I originally stated: it wan't/isn't 100% clear. You certainly are not clear yourself, which means you don't know.
Oh right...let's trot out that ridiculous narrative again...Mirvish is just a greedy bastard developer.
You're the one engaging in specious arguments here. He stands to generate a sizeable profit. I'm sure he's not in this for a loss. Your response here is simply petulant. The point is that the developer does not retain the condominium corporation once it is registered. The developer does engage in the creation of the declaration and other legal matters of the building. These are still unseen - as is the full extent to which Mirvish will remain involved.
This is a nonsensical statement.
Why is it nonsensical? What do you not understand? Mirvish could sell the PoW. He owns it. He could sell all the land if he wishes. What do you not understand? If the PoW is such a drag on his books, he has a number of options open to him. Leaving it there now might be saying something.
Really, your responses on this thread make you appear petty. Maybe you should take a cue from David Mirvish himself and adapt your approach.