WINGHAM – With the deadline approaching fast for pulling the plug on Wingham Creek (formerly Maitland Estates), the owners of the land have scrambled to get “shovels in the ground” as soon as possible, but they need more time.
The representative for the multiple owners, Jeff Medina, requested an extension until the end of the year.
The owners, who live overseas and are scattered throughout Asia, are “holding the short end of the stick” according to the representative of the 614 owners, being blindsided by A2A, who did not inform the group they had dropped the project.
Medina has been working with the multiple owners to fast-track the immense undertaking of getting rid of the middleman, becoming sole owners with complete control moving forward.
Medina said that just compiling the list of all the owners took six months as the only form of contact they had between all of them was a group chat.
The group has since had a general meeting on March 29, and they are hopeful to have everything finalized by Dec. 31.
Medina said, “Since our successful general meeting, there has been significant progress.”
“Approximately $150,000 of costs paid directly to local advisers,” he told council.
Multiple meetings have been held with representatives from the council, county and RJ Burnside, and meaningful progress has been made on a final plan.
Other progress includes:
· engaged legal counsel working with co-owners and local consultants to drive the project forward;
· finalization of joint venture agreement between GSH and co-owners;
· incorporation of Ontario company to oversee and manage the process; and
· several discussions with potential purchasers with a strong development pedigree
“We are moving things forward,” Medina said in his report.
The presentation was for council’s information only and was accepted by the council. The decision is ultimately up to Huron County council, which meets on June 9.
Cory Bilyea, Local Journalism Initiative Reporter, Wingham Advance Times