(Georgian) A Developer sues the Anglican diocese of East Newfoundland for $9M

A St. John’s developer was all set to proceed with a 90-unit subdivision situated on more than 16 acres of land east of Portugal Cove Road.

But there’s a catch ”” the party that allegedly sold the land is claiming there is not an agreement of purchase or sale in place.

Powder House Hill Investments Ltd. is suing the Anglican Church’s Diocesan Synod of Eastern Newfoundland and Labrador for $9 million as a result, claiming that figure represents the value of a lost business opportunity. A statement of claim was filed in the Supreme Court of Newfoundland and Labra­dor earlier this month.

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Posted in * Anglican - Episcopal, * Culture-Watch, * Economics, Politics, Anglican Church of Canada, Anglican Provinces, Economy, Housing/Real Estate Market, Law & Legal Issues