Southern Interior Development News Today

B.C. Supreme Court has placed Tobiano Resort in receivership after it failed to keep current on debts totaling more than $27 million. Bank of Montreal initiated legal action last month after making payment demands on developer Michael Grenier and his companies, including Kamlands Holdings Ltd. and Pagebrook Inc. The court ordered a Vancouver receiver, Bowra Group, to take control of Greniers companies on June 9. Reached at his office at the resort Monday, Grenier confirmed he has lost control o...