MUHC loses $27 million on ill-fated Cedar Ave. project.
Three years after abandoning plans to build an unauthorized medical complex on Cedar Ave., the McGill University Health Centre has finally extricated itself from a legal quagmire — at a loss of $27 million, the Montreal Gazette has learned.
Both the Quebec government and the city of Montreal cancelled the project in 2011 after discovering that the MUHC — under Arthur Porter, its executive director at the time — never obtained the necessary authorization from the Health Department.
Property records show that one of Chiara’s companies acquired the property in 2007 for $3.6 million. Initially, Chiara sought to build a 64-unit apartment complex, but then decided to lease the land to the MUHC for a complex of clinics.