August at University District | ?m | 6s | Avi Urban

Rollerstud98

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We had 1 guy working on site, contractor who we sub under approached him and asked him if he was going to continue working as they were leaving due to non-payment. Hoping it’s just a short blip but hard to say.
 

Calgcouver

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Hearing trades are not being or have not been paid here, trades pulling out.
Not too discredit what you’re saying, but I would be very surprised if AviUrban didn’t have the cash to finish this. No idea what pre-sales are on this, but would be very surprised that they arent meeting financing thresholds, especially to the degree it would put a hold on construction at this point in development, and that they were withholding pay from contractors.
Again, not calling you out, you may have heard something I haven’t, but just doesn’t make sense at this point of development that money would stop flowing before the parcel is at least sealed up, Avi can’t be that cash poor
 

Rollerstud98

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I’ll see if I find out more tomorrow, just reporting what our guy on site relayed back, don’t take home to be a bullshitter but never know.
 

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