Wow! This decision is going to be appealed, no doubt, but in the end, if CPR and the Province actually do have to pay, this would be absolutely stunning. It totally does make sense to recover actual costs, interest and economic loss of profit etc., but the amount of this award is insanely high. Commercial developers normally make 15% gross margin, which goes down to 5% after overhead and before taxes. With consulting costs being relatively low in the preliminary project stages, it must be all economic loss then. Using 5% as a denominator, $163M award suggests a $3.26B project value which is not even remotely close to what Remington was proposing on these lands. Just wow.
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"An idea is always a generalization, and generalization is a property of thinking. To generalize means to think." Georg Hegel
“To generalize is to be an idiot.” William Blake
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