In a 9-2 vote last night, city council agreed to sell Parcel Y in Saskatoon’s Central Business District to Lake Placid for development of their proposed River Landing Village.
According to a story on the Star Phoenix website, “An agreement is now in place to develop the city’s most coveted piece of riverfront land with a [...]
Following what Mayor Don Atchison described as “the most due diligence that the city has done on any land sale,” an agreement was struck with Lake Placid Developments to purchase “Parcel Y” at River Landing in Saskatoon’s Central Business District for a price of $5,240,494 yesterday.
Star Phoenix writer David Hutton is reporting that “City council, [...]
According to the Saskatoon Star Phoenix, developer Ken Achs is gearing up for what he sees as “kind of a last hurrah here.” Achs is preparing for a massive renovation of the Modern Press building on Second Avenue including the addition of a four-storey office building on the corner. Together, the completed project will boast [...]
In a 10-1 vote last night, Saskatoon city council voted in favour of re-opening negotiations with Lake Placid Developments for the purchase of “Parcel Y” at River Landing in the Central Business District.
There are two major questions that still need to be answered.
1. Does Lake Placid have sufficient financing to complete the project?
City administrators will [...]
According to recent appraisals of the land known as “Parcel Y” today’s current market value is somewhere between $10.4 million and $11.6 million, well over twice its value in 2006 when it was purchased by Lake Placid Developments for $4.8 million. That deal fell apart when Lake Placid failed to pay the purchase price when [...]
Lake Placid Developments CEO Michael Lobsinger appeared before Saskatoon City Council last night and made an appeal seeking resurrection of a deal his company had made with the city to purchase “Parcel Y” in Saskatoon’s Central Business District. Lake Placid had plans to build River Landing Village, an upscale hotel and condominium development. That deal [...]
Media Release
Release: Immediate
Date: Friday October 30, 2009
Contact: Mike Lobsinger, Chief Executive Officer Lake Placid Group of Companies
(Saskatoon, SK, Canada): Michael E. Lobsinger, Chief Executive Officer of the Lake Placid Group of Companies, announced today that Lake Placid is in a situation where delays have arisen around the deadline with the City of Saskatoon. For this, [...]
Saskatoon city council, in a special emergency meeting today, granted a final extension to Lake Placid Developments to cough up the $4.55 million for land the developer purchased at River Landing by October 30 2009. The extension is conditional upon the developer paying interest to the City of Saskatoon in the amount of $214,197 by [...]
According to a story in today’s Star Phoenix, Lake Placid Developments is seeking a one-year extension on the current deadline to complete the excavation of the building site for its proposed $200 million River Landing development.
In a letter to the city, the developer requested an extension to June 30, 2010. City manager, Murray Totland will [...]
I received this email today stating that the title issues we previously heard about that were holding Lake Placid back on the River Landing Village project have been resolved and that construction will begin “as soon as changes are complete.”
Dear Norm,
“The legislation needed to move forward with two of the biggest private developments in the [...]
When the City asked for developers to consider an exciting new “Urban Village” concept at River Landing in Saskatoon’s Central Business District, the call was answered by Michael Lobsinger, a former Saskatoon resident and now a successful real estate developer.
On Wednesday, March 12, Mr. Michael E. Lobsinger, President CEO, Lake Placid Group, will speak [...]
