Non-profit or public sector buyers will have a 90-day exclusive window to take over the Lighthouse's Saskatoon operations. yxe
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Saskatoon Court of King’s Bench Justice Allisen Rothery on Thursday approved a submission from lawyers for MNP LLP laying out a sales process for the Lighthouse’s Saskatoon towers and six other properties in the city.We deliver the local news you need in these turbulent times on weekdays at 3 p.m.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The sales process allows the exclusive window for non-profits to be extended beyond the original 90 days, should this be required in order to continue negotiations. Paul Olfert, a lawyer acting for MNP, told court MNP recognizes the value of having the properties continue to serve the community. He said the province will likely have to back a potential non-profit partner.
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