The city will have to pay an extra $9.5 million to the contractor behind the new St. Lawrence Market north building to prevent it from pulling out of the project which would delay its opening and potentially filing a lawsuit against the city.
The unanticipated added costs owed to the contractor for the project that was approved more than 15 years ago are a result of changes that a former city manager improperly approved, according to city staff at a recent committee meeting.
City documents say that the need for the additional money was "primarily driven" by costs associated with the COVID-19 pandemic and "errors and omissions" from the prime architect, among other things.
At a meeting of city council's general government committee on July 2, staff shed new light on the added cost.
Esta historia es de la edición July 13, 2024 de Toronto Star.
Suscríbase a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición July 13, 2024 de Toronto Star.
Suscríbase a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar