Mayor Bevilacqua responds to cancellation of the Cosmos Condominium project

“On Friday, I was very disappointed to learn that the Cosmos Condominium project was cancelled. I am not at all impressed about what has transpired. While the developer cites financing challenges as the reason, I am much more concerned about the hundreds of people who had purchased a condo where they could live, experience and enjoy life in our community. Although this is strictly a commercial agreement between the buyer and seller, I would have preferred that the spirit of the agreement with the buyer would have been honoured. That is my point of view. I want it to be known that the City was not provided advanced notice of the decision to issue cancellation notices for purchase agreements.”