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Toronto -- The recent restructuring of Tridel Enterprises Inc. will not in any way interrupt work at 16 condominium projects under way between Mississauga and Pickering, company officials say.
"Nothing at the project level has been affected by the restructuring because it's at the parent company level the restructuring was being arranged," said Doug De Guerre, vice-president of finance and banking for Tridel Corp.
"Each of our projects are in specific project companies which are really cocooned or separate from the restructuring at the parent company level," he said.
"Each project is specifically financed with our construction lenders and none of those construction loans are-in default."
Tridel Enterprises Inc. was formed by the DelZotto brothers in 1981. Since 1992, the company has been trying to come...