The Shannondale (née Electrohome, 152 Shanley St) | 8 fl | U/C

[tomh009]

Technically not criminal. But, no, I don't like this at all, either.

Legally, it is not criminal (otherwise somebody would likely be going to jail). But it’s much worse than if I were to find a way to steal $800 from the City. Specifically, it is approximately 1000 times worse. And I could go to jail for that. So morally and ethically I consider it criminal. It’s a good example of a corporate crime that is not properly handled by our legal system.

Since it was with the city's agreement, I think "criminal" doesn't really apply.

And I expect that the city agreed to this because it allowed them to recover at least some of the back taxes. Even if they had succeeded in selling the property, they would not have received much more, and there would have been a significant element of uncertainty.