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Trois-Rivières To Be Seized, Auctioned?

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Published: October 13, 2011 1:16 pm ET

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The City of Trois-Rivières has issued an ultimatum to Senator Paul Massicotte in regard to his now-defunct raceway, Sulky Trois-Rivières.

According to a report by cyberpresse.ca, a tax bill for the track has gone unpaid for three years and the former raceway now owes close to $900,000 in back taxes.

In turn, according to the article, the city has sent Senator Massicotte a notice of sale for non-payment of taxes. He now has until November 10 to settle up with the city to some degree or else the building and lands will be seized and eventually sold at auction.

The report also states that a sole offer for the building and land, which was accepted by Senator Massicotte, still stands. Developer Jean-Claude Fortin had offered to build a hotel and exhibition centre on the grounds. The article also states that the Marriott chain is in association with Fortin in regard to the project.

The report also states that Senator Massicotte is legally allowed to pay a percentage of the taxes owed to the city by a certain time in order to extend the deadline.

Senator Massicotte, the head of the former Quebec racetrack owner Attractions Hippiques, had placed Sulky Trois-Rivières up for sale at a price of $10 million in 2009.

To read the cyberpresse.ca article in English (via an online translating service) or French, click on the corresponding link which appears below.

English
French

(With files from cyberpresse.ca)


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