In 2010, Peak Building Restoration & General Contracting went to court claiming that Bob Nazarian and Eastwood Mall Inc., the owners of Elliot Lake’s Algo Centre Mall, owed Peak Restoration $741,157.01, having only paid part of the $ $823,657.01 bill for repairs and waterproofing to the Algo Centre’s rooftop parking lot in 2008.
(documents after the jump)
Fred Lum/The Globe and Mail
Saturday, June 30, 2012 – Globe and Mail
ADRIAN MORROW, ANNA MEHLER PAPERNY, JANE SWITZER and STEPHEN SPENCER DAVIS
TORONTO and ELLIOT LAKE, ONT. — When the mines powering Elliot Lake wound down 20 years ago, the town’s mall was poised to go with them: Its tenants were leaving, its owners eager to sell and its maintenance issues well known.
But volunteers intent on keeping Elliot Lake going knew they needed a commercial centre for what they hoped to turn into a vital retirement community. They bought the mall with this in mind, and the Algo Centre, built for a far larger and more prosperous city, became the small town’s anomalous locus point.