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.
This is a case where the outright disregard for quality and safety absolutely justifies piercing the corporate veil. Limited corporate liability is a useful tool to allow individuals to innovate without exposing themselves to personal bankruptcy. If I want to make a video game and a bank offers me a loan against the value of the company then they shouldn’t be able to come after my private residence… we should really let personal damages pass through the barrier more often though - this is how shell companies and shitty subcontractors bankrupt clients.