From the Niagara Falls Review:
The future of a proposed $1.5-billion development backed by Chinese investors in Niagara Falls is now uncertain.
A spokeswoman for the developer told the Globe and Mail some of the project’s backers, which include the real estate fund of a state-owned Chinese investment company, are re-evaluating their commitments because of ongoing delays.
Cynthia Lai, a Toronto-area real estate agent and spokeswoman for GR (CAN) Investment Co. Ltd., an arm of China-based GR Investment Group, told the national newspaper some investors are reconsidering their investment, but not GR (CAN).
She said GR (CAN) is looking for investors every day, which they don’t have trouble finding.
The official groundbreaking and reception for a 10-storey, 150-unit condominium complex in Niagara Falls is scheduled for later today from 3:30 pm to 7:00 pm. Niagara Fall mayor Jim Diodati will be in attendance at 4:00 pm.
Developed by Evertrust Development Groups Canada Inc., the $100-million Upper Vista Luxury Condominiums project represents “a sophisticated contribution to urban revitalization in Niagara Falls which aims to be a vital part of the community.”
The other day I received the latest CAA magazine. I’m in the Niagara Region, so there are always local things highlighted in the magazine. I noticed these 3 things in particular. I’m not sure which (if any) of them might have been in other regional editions of the magazine:
- The small “Coaster Craving” article doesn’t mention Dragon Mountain at Marineland, but does mention Sky Screamer
- I thought the ad for the Fallsview Cascade was interesting, as it doesn’t show the hotel at all.
- Thundering Waters is mentioned in the Grip It and Rip It blurb