Burlington leery of minority owner Sinex taking over City Place - VT Digger

After the majority owner backed out, the City of Burlington may have no alternative but to allow minority share owner Don Sinex take over the stalled City Place project, which if/when built will redefine the Burlington city scape.

"Sinex’s re-emergence has surprised and upset city leaders, including Mayor Miro Weinberger, based on the city’s history with Sinex. “That history came as a result of attempting to make this work with Don, so we do have concerns about trying that again, for sure,” he said Wednesday. The site has sat idle since August 2018, as the project has struggled to receive financing and construction restart dates have come and gone without action. Brookfield is the majority partner in the project, with 51% control, while Sinex’s Devonwood Investors has a 49% stake.."



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