You may not have heard much about the Bruce Telecom sale lately but it hasn’t gone away.
The aftermath of the collapse of the sale is turning into a you-said-we-said story.
Kincardine council has held another closed-door meeting and Mayor Larry Kraemer says it’s not over yet.
Kraemer says council has decided to send a second more strongly worded letter saying the town disagrees with Bragg Communications’ conclusion on why the sale is not taking place.
Bragg operates Eastlink which offered to buy municipally-owned Bruce Telecom for 26-million-dollars.
Kraemer says their latest letter will state they don’t agree with Eastlink and they will do everything in their power to protect the interests of the municipality.
That could mean legal challenges down the road which could become very expensive for both sides.
Kraemer says the agreement calls for both sides to sit down and talk if the sale is challenged and he says that hasn’t happened yet.
He admits the sale itself is cancelled when Eastlink sent a formal letter, but in doing so, it triggers various things in the agreement.
He says Kincardine was given an offer to purchase and they believe the town had met all the conditions.
Kraemer uses the analogy of selling your home and on closing day the buyer says we’re not closing for some reason and in the seller’s opinion, it’s not a valid reason.
He says that’s where the municipality is right now.
Kraemer says he’s growing weary of the deal.
He says all indications were that Bragg Communications wanted the deal and Kincardine doesn’t know what’s changed.
Also out of the closed meeting, council decided to make public all of the documents they can, that would have been presented, had a cancelled August 27th public meeting on the sale, gone ahead.
Kraemer says it may take a few days before the material is available but what can be made public, will be released.