Released May 7, 2012 by the Town of Wasaga Beach.
The Town of Wasaga Beach is pleased to confirm that effective April 27, 2012, 16 beachfront properties at Beach Area One under the control of the Court appointed Receiver have been sold. The purchaser of the properties is Belcub Management Inc. The properties sold for $11.5M and as part of the transaction, the Town received a certified cheque in the amount of $371,292.23 representing the outstanding tax and water arrears owing on the properties.