For the time being, Bayside Mall is being operated “as is” with Gord Laschinger at the helm.
That could change, at least temporarily, on August 26, the first day of a scheduled commercial court hearing that includes a request by the holder of a first mortgage that Bayside be put back in receivership.
Laschinger has told Lambton Shield that doing so, while not necessarily ideal, may be a way for a dispute between him and Italo Ferrari, a former business partner, to be resolved.
That dispute surfaced a few weeks ago when Ferrari alleged that he was still legally the owner of shares in the company that initially bought Bayside out of its receivership. Laschinger disputes that allegation, saying that he paid Ferrari for the shares.
If the property is put under the authority of a receiver, Laschinger has said he would be a potential buyer, although not necessarily the successful bidder.