this post was submitted on 22 Apr 2024
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Edmonton condo at risk of collapse to be sold as corporate law clouds hope for court fight (www.cbc.ca)
submitted 6 months ago by [email protected] to c/[email protected]
5 comments fedilink hide all child comments
 

The corporations behind the construction of an Edmonton condo building that was evacuated last year due to the risk of collapse no longer exist, which poses a legal hurdle for owners who were forced from their homes seven months ago.

All residents of Castledowns Pointe at 12618 152nd Ave. were ordered out last September after engineers investigating damage caused by a March 2023 fire uncovered dangerous structural flaws.

Investigators determined the 83-unit building, constructed in 1999, does not match the architectural designs on record and that construction did not comply with the building code.

Owners have decided to sell the condemned building and the land it sits on, rather than attempting to rebuild.

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[–] [email protected] 10 points 6 months ago* (last edited 6 months ago) (3 children)

Just look at this shit! Who the hell uses scrap lumber pieces in structure????

New rule -- every company involved in planning and construction must purchase AND retain replacement cost insurance for ALL structures they build.

Edit to add -- If said companies close down for any reason post-construction, all owners and/or investors of each company are liable for the insurance payments.

[–] [email protected] 4 points 6 months ago

No fucking way. I would not build a garden shed or even a dog house like that and I a just an amateur. This is from "professionally" built condos?!?

[–] [email protected] 4 points 6 months ago

I grew up in America, so I don't know if it's the same way here, but when building a Nuclear Reactor companies would be required by the NRC to purchase extremely comprehensive insurance in case shit went tits up down the line - and if they ate into that insurance due to a temporary deficiency (i.e. a tritium leak) they'd need to top it up again before being allowed to reactivate.

Honestly, this sounds extremely reasonable for construction of domiciles as well - possibly with a redundancy discount for large firms (i.e. something similar to bank's fractional reserve system).