Cable bay golf resort and spa

[dilligaf]

I'm interested in this older post by Trailblazer. Hey Trailblazer, what's your point? (And I mean that literally, not cheeky or challenging.) Like, are you saying that the land could be cleared, and then the developers could get in financial trouble or realize the land won't sustain their plans, and then we're stuck with another Malaspina Hotel (a derelict eyesore for years)?

I would like to see some proof of this as well (probably for different reasons). Its really easy to make statements like he did, its much tougher to back them up.

[click]

Cable Bay has 40 acres which are not in the city limits so the city has applied to have that land added.

Really? Is that because of the effluent treatment plant use?


Wondering, Is the duke point waste water facility a city owned plant?

[albertabluesky]

I would like to see some proof of this as well (probably for different reasons). Its really easy to make statements like he did, its much tougher to back them up.

I think he may be referring to an Alberta Securites judgement...

http://bcgolfnews.com/index.php?opti...=1512&Itemid=2

[Trailblazer]

You have it & then some. If the developer cannot go the distance & sells it,Cable Bay,off who is to say what will happen to the property! Could a future developer apply for yet another zoning change perhaps to high density housing like the north end of town? As we know any development is good at City Hall. Check out Canadian Proeprty Investments history & make your own decision.

[Trailblazer]

Cable Bay has nearly 100 acres in the Regional District.

[Trailblazer]

This is the Manager for Cable Bay & possible shareholder Investment action leads to lawsuit




Retired investors claim they lost savings to mortgage scheme



By Bob Beaty - Business Edge
Published: 02/28/2001 - Vol. 1, No. 20



--------------------------------------------------------------------------------


The so-called ?Alberta Advantage? turned into a nightmare for a host of retired investors who claim they lost some or all of their life savings to a mortgage investment scheme based in Calgary.

Lenard Sali, a senior lawyer representing many of those involved, said there could be $25 million involved in the litigation that so far covers investors here and throughout Western Canada.

One of the retired couples suing, Ludwig and Amalie Hein of Westbank, B.C., claim they invested more than $230,000 in four mortgage syndications put together by Calgary-based Investors Acceptance Corporation and Investors Brokerage Corporation.

In addition to those named company defendants, Glenn Brower, the alleged sole shareholder of both companies, is also listed.

The Calgary law firm of Burstall Ward and one of its partners, lawyer Scott Sangster are also named as defendants. The statements of claim allege Sangster sat as a director of Investors Acceptance Corporation.

The Hein statement of claim alleges the mortgage syndicators ran ads enticing investors who were ?tired of having global issues negatively affect (their) investments.?

Investors Acceptance Corporation promised returns of 11 per cent and allegedly claimed in one ad that it had more than $40 million in managed funds from more than 500 investors.

The ad also allegedly ended with this line: ?Use the ?Alberta Advantage? to your advantage!!?

No statements of defence or counterclaim were on the court file as of late last week.




--------------------------------------------------------------------------------


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[dilligaf]

You have it & then some. If the developer cannot go the distance & sells it,Cable Bay,off who is to say what will happen to the property! Could a future developer apply for yet another zoning change perhaps to high density housing like the north end of town? As we know any development is good at City Hall. Check out Canadian Proeprty Investments history & make your own decision.

Or maybe they are doing an end run around the people against everything. Come in really large and hen capitulate by scaling back to what they really wanted in the first place.

[dilligaf]

This is the Manager for Cable Bay & possible shareholder Investment action leads to lawsuit


Retired investors claim they lost savings to mortgage scheme



By Bob Beaty - Business Edge
Published: 02/28/2001 - Vol. 1, No. 20



--------------------------------------------------------------------------------


The so-called ?Alberta Advantage? turned into a nightmare for a host of retired investors who claim they lost some or all of their life savings to a mortgage investment scheme based in Calgary.

Lenard Sali, a senior lawyer representing many of those involved, said there could be $25 million involved in the litigation that so far covers investors here and throughout Western Canada.

One of the retired couples suing, Ludwig and Amalie Hein of Westbank, B.C., claim they invested more than $230,000 in four mortgage syndications put together by Calgary-based Investors Acceptance Corporation and Investors Brokerage Corporation.

In addition to those named company defendants, Glenn Brower, the alleged sole shareholder of both companies, is also listed.

The Calgary law firm of Burstall Ward and one of its partners, lawyer Scott Sangster are also named as defendants. The statements of claim allege Sangster sat as a director of Investors Acceptance Corporation.

The Hein statement of claim alleges the mortgage syndicators ran ads enticing investors who were ?tired of having global issues negatively affect (their) investments.?

Investors Acceptance Corporation promised returns of 11 per cent and allegedly claimed in one ad that it had more than $40 million in managed funds from more than 500 investors.

The ad also allegedly ended with this line: ?Use the ?Alberta Advantage? to your advantage!!?

No statements of defence or counterclaim were on the court file as of late last week.




--------------------------------------------------------------------------------


No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.476 / Virus Database: 269.11.8/941 - Release Date: 07/08/2007 4:06 PM

You know, of course, if you post anything up here that is actionable under law, the administrators of this forum could be held responsible.

I wont be part of that. I withdraw from this discussion. I wont be part of irresponsible actions like this.

[Trailblazer]

It's a matter of Public record.

[dilligaf]

It's a matter of Public record.

But your inference is not