Quote:
Originally Posted by bomberjet
Doesn't sound very good to me. Kind of the "on life support" announcement.
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This is just an everyday press release from the Toronto office talking about how EllisDon will now be the constructor-of-favour for Mady's high-rise projects. It's just there to get the EllisDon troops excited. It really has no bearing on SkyCity, good or bad.
The only thing of note in this release is that EllisDon does have an equity arm. The fact that they aren't explicitly stating that they're partnering with Mady to float them through construction tells you all you need to know about Mady.
So congratulations to EllisDon; if Mady can pay them, they'll construct their high-rises for them. As would anybody. I'm not sure this is news.