ICYMI: Brandt CEO says former CNIB building project 'basically dead'
The company was meant to redevelop the site and build what was proposed as a 77,500-square-foot building.
The site of the former CNIB building site sits idle and covered in snow on Monday, March 7, 2022 in Regina. Brandt Properties Ltd., which was meant to be redeveloping the site, has filed a legal action against the Saskatchewan government and the Provincial Capital Commission, with regard to work.Semple said that when Brandt enters an agreement, it expects the other parties to honour that agreement.
As for how much the company will seek, which isn’t specified in the statement of claim, the CEO wouldn’t offer a dollar amount, but said Brandt wouldn’t file a lawsuit for a “few thousand dollars.”“If the rules are going to change, then people that are investing, whether it’s Brandt or any of these other projects that are on the drawing board, it’s going to cause people to wonder whether they should invest or not. And I don’t think that’s good for Saskatchewan.
Despite the potential for Brandt to pull out of the project, McMorris said investment generally in Saskatchewan has been “incredible.”MLA for Indian Head-Milestone constituency Don McMorris speaks to reporters at the Saskatchewan Legislative Building on Tuesday, March 8, 2022 in Regina.Semple said his company has moved some jobs to Calgary where half of its finance team is now, but then added the comment was not meant to be a threat.
“We didn’t want to take this legal action at all. This is the very first time in 90 years that we’ve ever sued the government for anything.”